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Kman
you think we got the low in oil yet ?
there are alot of peeps throwing the towel in.
I think Oscar carboni has a target of $34.
Kman you think we got the low in oil yet ? there are alot of peeps throwing the towel in. I think Oscar carboni has a target of $34.
As it happens I did ask Navnit to get me into Oil on a dip.
SHe got me in at $37.43 on Feb contract but just a small stake as I said I would add to it on the way down (my target was $33)
I certainly think we have bottoming action currently but not sure we have bottomed hence I have started scaling in.
That makes me long Gold, long Silver, Long Oil and short spoos currently.
Plan your trade, trade your plan!
Dow Transports enter bear market….
add to that the ongoing rout in junk bonds and the panic will eventually spread.
Fed might use that as an excuse to be cautious and not raise !
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Not sure if low is in or not but fear it may be. If we rally 70 points, then low on March contract is 1983.25, so target will be 2053.25, as crazy as it sounds. We are already 20+ off the lows. Sadly I did miss today as needed to be elsewhere and had I been here I am sure I would have shorted the rally today for a low and closed more shorts.
Well whatever the case we are now 30 points off the loss.
Only 40 more to go if we do rally into crooks quad is and low is in.
Today could still just be WNER.
Lets see if we get Tuesday reversal or continue to rally into oe.
Systems time
Plan your trade, trade your plan!
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