MURICO.com Forum

Re: I've been expecting this------

the Feb contract to correct back to tag up with the expiration price of the Dec contract. It has a strong tendency to do that in a bearish atmosphere before it can start the seasonal new year bounce. May turn into a $10 rally or may be content to trade the undecided $5 range. I failed to win the argument with the Prime directive to be a bottom picker @ the 55.50-55.70 potential support target but I did throw out a bottom picking fishing line @ 56.17 which I may regret since I was using the 15 minute chart to gauge a shift of down momentum to up. The 15 minute chart is not as reliable for me as the 60 min but I do use it from time to time to catch the beginning shift in momentum. The 60 min needs to close above 56.00 or I cut em loose. First deposit target @ 56.47 and Damage Control in place @ 55.85. Now to see what the 60 min close tells me to do.

Messages In This Thread

The final Purchase Index for - - -
Re: I've been expecting this------
I find your observation that - - -
Re: I find your observation that - - -