98.99 gap filled on /cl. looks like a bull flag to me.. gap above at 99.59 and next magic gap is 100.74... i am long against the open and holding for the ride to 100.
once we get though /es 1256 resistance we are headed for the moon?
Last edited by agnosia on Tue Nov 15, 2011 10:56 am, edited 1 time in total.
this is market is amazingly bullish biased, finding any excuse to be up.
i guess it's easy to be bullish when the markets are so correlated to the euro and Europe wants a stronger euro and the US wants a weaker dollar......
no, us wants weak dollar but wants euro gone, so it can print as much dollar as it likes. the rest of the world doesn't want euro gone.
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this is market is amazingly bullish biased, finding any excuse to be up.
i guess it's easy to be bullish when the markets are so correlated to the euro and Europe wants a stronger euro and the US wants a weaker dollar......
no, us wants weak dollar but wants euro gone, so it can print as much dollar as it likes. the rest of the world doesn't want euro gone.
Morning Cobra and all.
You are right, if euro is gone, nobody can fight with usd, and fed(and the super rich) will smile and the rest of the world (including us people) will cry...
SB73 wrote:She looks toppy to me...short with stop at today's high
I will be looking at closing out most short positions today and tomorrow with a long bias through Thanksgiving. Hard to argue with the season statistics.