MURICO.com Forum

This is smelling like a sucker------

I had a pair of north lines hit @ 55.60, I didn't like the looks of it to begin with but that's usually the case anyway. I have to go with the setup and set the deposit order for the first resistance which was the 55.95-56.00 target. I needed 30 cents profit to hold the 2nd to see what plays out. Got the 30 cent Deposit in the typical 15 minute time frame. Whether right or wrong, the sucker smell was getting strong so I decided to Punt @ 55.65 to keep what I have.

I really like the looks of the setup for the South Pond and I have a line setting @ 54.20 and a pair of lines setting @ 53.97. They may never prove to be relevant but if they get hit now after this retest of 56.00----there's potential for a drop to 53.00 and possibly even 52.00 for a cycle low due next week that should set up a $10 rally for Dec expiration. That's my Hallucinated Guess at this time.