how insignificant it is for ones choice of long or short during the day, as long as the PRIME DIRECTIVE stays focused on DEPOSITS. You have been working the sell mentality and I have been working the buy mentality. I bot 4 @ 88.90 early this morning because I felt a strong need to protect my profits, so I got a $1 cushion if they do something silly and fly to 92.00. At the end of the first hour the surge higher didn't look complete to me so I bot them again @ 89.60 and scalped out @ 90.00. Now I'm working orders @ buy orders 89.75 that may be 10 cents too low. I can see extra push to 90.30-90.50 but am I hallucinating?? If it breaks above 90.07 short panic could take it to 91.00 but that could be a hallucination also.
Plan C is now in effect, buy orders sitting @ 91.85 with sell stops set @ 89.45. I also have a layer of buy stops @ 90.10 with a target of 90.60 and sell stops to cover my rear will get set @ 89.60. Now I wait for the action/reaction.