oil was in a range.. as a trader you see it break the range.. so you jump on as it breaks... that is the point where... well that is where a wave 3 happens.. that wave fizzles... what is that 141.50?
I guess my point is at one point everyone going long will have gone long..
here is the oil fight from this morning
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Friday, June 27, 2008
more oil
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