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Thursday 10 July 2008

Crude Oil Spike


I wonder how many shorts shit their pants on the close in Crude Oil. If I was short on that trade I would have had a heart attack.

For all you bulls, you can thank LEH for the afternoon rally.

The intraday trends in LEH look awesome to trade.

On Suicide watch we have LEH, FRE, FNM, LM, and C to name a few.

GS has been holding up relatively well. If GS breaks to the downside, prepare for all hell to break loose. When even the best is getting sold, you know the market is going lower.


CME is at its 61% Fib retracement. If we don't bounce here look out below.

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