It's dangerous, oil could come down $5 you can tell the momentum traders have oil and they are just pushing it with the trend. But.. I think the weak guys got thrown out, and there is a lot of resistance up there.....
For some reason I don't feel the day trade mojo...
In fact now that I see that trade a little clearer... and oil is trying to sell off...... I see a better way to trade it.
Tuesday, August 26, 2008
I added some shorts when we hit resistance..
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