30.55 for a day or so
close enough for me
Z
Long USO
Started by
zoropb
, Jan 12 2009 11:07 AM
6 replies to this topic
#1
zoropb
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Posted 12 January 2009 - 11:07 AM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#2
cgnx
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Posted 12 January 2009 - 11:10 AM
close enough ? to what?
If it can be cornered, it will.
#3
zoropb
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Posted 12 January 2009 - 11:31 AM
close enough ? to what?
a trade low
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#4
unosuke
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Posted 12 January 2009 - 11:52 AM
29.15 on USO is wide open for a test. It's the low of the all time high volume bar 12/31/08. A test and rejection on lighter volume sets up a good risk/reward buy.
Edited by unosuke, 12 January 2009 - 11:53 AM.
Current Positions: Long EEV @ 40.29, Long DUG @ 24.66, Long DXD @ 59.62, Long SDS @ 72.70, Long TWM @ 61.84, Long QID @ 48.21, Long FXP @ 20.43, Long SSG @ 43.76, Short XOM @ 69.31, Short AAPL @ 117.52
#5
cgnx
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Posted 12 January 2009 - 12:08 PM
I see the low at 27.73 for USO. Should retest that. I think it breaks it. Do you have a stop or not? I'm going to wait. I'm watching dxo.
If it can be cornered, it will.
#6
zoropb
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Posted 12 January 2009 - 12:20 PM
29.15 on USO is wide open for a test. It's the low of the all time high volume bar 12/31/08. A test and rejection on lighter volume sets up a good risk/reward buy.
it may hit it but even if it did i do not mind it here
z
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#7
zoropb
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Posted 12 January 2009 - 12:55 PM
I see the low at 27.73 for USO. Should retest that. I think it breaks it. Do you have a stop or not? I'm going to wait. I'm watching dxo.
well you see where my targets are for oil so yes way down still depends when and what time frame your talking about.
I think we may bounce here for a day or so.
Z
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
