|
PureBytes Links
Trading Reference Links
|
..."they say it was short covering".
You meant "long covering", right ?
Short covering implies a price explosion UPWARD as shorts scramble to lock
in profits before they lose them.
> -----Original Message-----
> From: realtraders@xxxxxxxxxxxxxxx
> [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of Deosaran Bisnath
> Sent: Friday, August 26, 2005 5:59 PM
> To: realtraders@xxxxxxxxxxxxxxx; ntt-list@xxxxxxxxxxxxxxx;
> Vincent DONOVAN (E-mail);
> e-mini_traders_anon@xxxxxxxxxxxxxxx; Value_Oasis@xxxxxxxxxxxxxxx
> Cc: Ronald McEwan
> Subject: Re: [RT] state of the market ..... what about that
> crude? down $1.30 in a few minutes!!
>
> I am just about finished with updating charts before taking
> off for the weekend.... this looks like much more yet on the
> downside. Possibly a drop to 1200 SPU, then oversold bounce,
> followed by further declines to SPU 1180 or thereabouts.
> That's line in the sand, for now.
>
> Did anyone notice the sharp drop in crude today during last
> 25 minutes?
> I am dabbling in mini crude futures, was short from 67.70,
> set proft level at 67.15, that I never really expected to be
> filled today.... market dropped precipitously, frmo 67.50 to
> 66 in a few minutes, they say it was short covering and
> Katrina not affecting the offshore crude installations in G of Mex.
>
> And yet, markets could not take advantage of this, SPU
> rallied to 1211 then also dropped off during last 1/2 hour.
> Looks bearish.
>
>
>
>
> --- Ben <profitok@xxxxxxxxxxxxx> wrote:
>
> > Hello
> >
> > the chart attached shows the perfect stop loss,
> >
> > when we are in a bull mode it never penetrated the last
> line from the
> > top,
> >
> > when we are in a bear mode it acts as resistance, and market keep
> > going lower,
> >
> > how much lower?
> > the cash should get support at 1199.13
> >
> > and for close to be back in an up mode we need cash to close above
> > 1209.25 Ben
> > > No virus found in this outgoing message.
> > Checked by AVG Anti-Virus.
> > Version: 7.0.344 / Virus Database: 267.10.16/83 - Release Date:
> > 8/26/2005
> >
>
>
> __________________________________________________
> Do You Yahoo!?
> Tired of spam? Yahoo! Mail has the best spam protection
> around http://mail.yahoo.com
>
>
> ------------------------ Yahoo! Groups Sponsor
> --------------------~-->
> Get fast access to your favorite Yahoo! Groups. Make Yahoo!
> your home page
> http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/zMEolB/TM
> --------------------------------------------------------------
> ------~->
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
------------------------ Yahoo! Groups Sponsor --------------------~-->
Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page
http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/zMEolB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/realtraders/
<*> To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|