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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Tom Trader who wrote (8410)11/12/1998 5:27:00 PM
From: GROUND ZERO™  Read Replies (4) | Respond to of 44573
 
Tom,

Except it didn't go either way. Maybe they'll open lower in the morning and trap some new buyers, or...

BTW, this little rally in the crude is very exciting to me, I may even attempt a short position up around 1460. There's so much oil, they can't even give it away. The rally is only a speculative rally (as is any rally, of course) but this rally in the oils is setting up for an outstanding short.

I'm going to watch it and see how it performs when it gets to the fork's midline which I eyeball to be around 1450 to 1500 as we move later into next week. We'll see...

GZ