We Got the Grill Started on the Summer Rally - Will Oil Put It Out?

Hi and Happy 4th!It seems like the rally we begged for is starting but with the BEAR firmly in place even the best calls in the short term are being doused with OIL! I cannot see fighting the oil tape but conditions are in place for a rally but that bleep down to 1255 SPX is a warning shot that you have to BE CAREFUL !No sense taking the chance and might add some IWM puts along with the burgers and dogs as protection from a fall may be as important as those long positions …please take this note from me to you to have a safe and healthy July 4th holiday and thanks especially to the Goddess for allowing us to use this tremendous platform (I never look at the photos) to communicate our trading skills to all of you. I am constantly learning after 32 years and I hope the lesson of this week is …never trust a bear covered in oil???…
Original Source: feeds.feedburner.com

  3 Julio, 2008| Technical Analisis | @ 14:27

WE GOT THE GRILL STARTED ON THE SUMMER RALLY WILL OIL PUT IT OUT ?

Hi and Happy 4th !It seems like the rally we begged for is starting but with the BEAR firmly in place even the best calls in the short term are being doused with OIL ! I cannot see fighting the oil tape but conditions are in place for a rally but that bleep down to 1255 SPX is a warning shot that you have to BE CAREFUL !No sense taking the chance and might add some IWM puts along with the burgers and dogs as protection from a fall may be as important as those long positions …please take this note from me to you to have a safe and healthy July 4th Holiday and thanks especially to the Goddess for allowing us to use this tremendous platform ( I never look at the photos) to communicate our trading skills to all of you. I am constantly learning after 32 years and I hope the lesson of this week is …never trust a bear covered in oil ???…
Original Source: feeds.feedburner.com

  3 Julio, 2008| Technical Analisis | @ 9:40

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