price movement on chart.
I have been taking profit on every dip and buying calls on (green) days following price perfectly. If oil continues to push higher I do not see it being contained in the 30's for much longer... I am currently net short Xom entry from 84.50... I still stand by my lower 80's PT.
A lot of people are calling 40 dollar oil.. 25 dollar oil.. I like to look just a few days ahead and see where price will go next. Who needs patterns and wave counts when you have random lines and colorful boxes. .. Also a (pro) oil trader said as time goes by oil price will go up.... ( this kind of thinking will destroy your $$ and your overall performance.)
could this lead the market down more?
Awesome.. just awesome.
weakness? market weakness? hmmm....... will post as soon as i can on entries waiting for the market to bounce a little.
following price. until resistance will gain a few $$$
will be following the market and price...
Risk to reward further upside has resistance. downside seems tasty. Trade at your own risk
price at a place where we can finally feel comfortable to short or long. Waiting on confirmation.. Not a big fan of this stock or company... but if it breaks into yellow box area and holds(price range) we could be seeing another attempt to break downtrend line from the tech bubble way back when..(long) My directions is still south.
GMA told me never to short the beast but the beast is weakening.. Shoot some arrows at it :-0) I got in from the Top April strike 109 April 8 . .26 a contract avg... around 100 to start. is the size.. will double on further confirmation
:-) wowzers.. what is potash? might look it up a bit.
down is possible but this is more fun for price :-)
following price. let us see what price gives us.... could continue around the whitish box area but volatility should come back.. green box where we can possibly grab some puts. I will look for good entry long and short notify with trade actives.
heheheheh.. who bought the april/may puts.. :-) HUMANDUMP