Official Short-term Investments Thread

[Z_Fan]

^ Nah, I'm not worried about it at all. No stop.

What's strange is the gas price I'm looking at is up $.10 so I'm not sure why HNU is dropping at all...it should be up.

[Dinan]

Originally posted by Z_Fan
^ Nah, I'm not worried about it at all. No stop.

What's strange is the gas price I'm looking at is up $.10 so I'm not sure why HNU is dropping at all...it should be up.

well you looking at the august contract and it was higher before.... it's moving on up now :D

still holding HOD ??


oil seems range bound all day, since the asian market opened last night....

not sure to hold or sell... and jump into HOU

[Dinan]

have you guys been reading about the swineflu ???

i hear it's getting worse, and it should get even more this fall, specially in asia...


can't be good for oil, for the market in general .....

[guessboi]

i bought a small position 900 shares HNU at 2.92. hope to sell within this week. I am worry about the Nov contract.

[Dinan]

Originally posted by guessboi
i bought a small position 900 shares HNU at 2.92. hope to sell within this week. I am worry about the Nov contract.

yeah, huge gap from october... but we got 3 weeks till hnu rolls over to november....


is this your first average down since the 5's ??


crazy volume on HNU today...

[997TT]

look at silver tank .... BAM. should've unloaded the bank at $18 this morning.

one more drop tommorrow and i will look to sell half my position if not all.

i'm really tempted to buy HND. I know you guys are all on HNU but it could very well be back in the $17's tomorrow.

[cosmok]

Did one of you Ontario guys call into BNN this morning asking about HNU :rofl:?

[Dinan]

so the markets are selling off, not sure if NG will fallow, cause when they rally NG doesn't, debating if i should take out 500 shares that i bought the other day at 3.25 with a small loss...

[997TT]

Probably Dinan .... Btw SR and BNN Dinan keeps them on their toes. :rofl:

In HOD at 10.50. Stop loss at $75.26.

HND...going to leave for now. I see lots of potential but also see a disaster waiting to happen without tight stops.

[Dinan]

Originally posted by cosmok
Did one of you Ontario guys call into BNN this morning asking about HNU :rofl:?

hahahaha, not me, i hear ppl calling about NG every day.... lol and everyone says not to buy!

[cosmok]

Any HGD holders going to hedge HGU here?

[Dinan]

i found a US fund that shorts silver.... ZSL

[guessboi]

Originally posted by Dinan


yeah, huge gap from october... but we got 3 weeks till hnu rolls over to november....


is this your first average down since the 5's ??


crazy volume on HNU today...

I bought some around 4.45 and sold at 5.4 and made a decent gain during the last rally. My mid 5s is my only position with HNU before this one.

[Dinan]

Natural gas closed higher due to short covering on Monday as it consolidated some of this month's decline. The high range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near term.


like i said!

[SilverRex]

ok yesterday not much technical breakouts on either side, while as I suggested if oil did not break below the day's low at 73.57 it would only go higher, which it did however it is also lacking the momentum to push further.

this morning all chart including gold, oil and euro are pointing up.

again similar play, if oil does not break the new demand trend line as shown in red, then expect momentum to hold oil up and push it higher, but top side imo could be limited as well, as clearly in the last few weeks oil has been capped with the blue up trendline that was broken awhile back and is becoming a resistance overhead every time it touches it, there fore even if oil was to make new high expect it to find touble in the 75.50-76 range.

so my expectation, any up move will be either short lived or capped, but a break below the red up trend line should increase selling pressure to the next EMA support at 73 and 72. until oil breaks down further and below 70, the short term picture for oil remains up but over time once it finds a top, the long term trend would be down.

http://i278.photobucket.com/albums/kk118/genmaster/oil082509.jpg

now looking at the dollar while I expected it to recover a bit which it did, it did not do anything of significance, now that it has broken a nearby demand trend line in red (up) the selling has resume once again. it will be interesting how it reacts to its nearest support at around 77.80 (77.686 important weekly support number) if this level gives away we will most likely headed to test 77.44 which is critical in holding the dollar in check, any break down below this would stretch out much further rally than anticipated across most other sectors. But of course until it does, I continue to view the current movement in the dollar as a higher lengthier correction. what I would wanted to see to end dollar's question mark is to have it rise above 78.50 to confirm this until then Swing points could be had at these critical support with tight stop, and so far we're getting some reward out of a swing trade like gold/silver as I'll talk about it next.

http://i278.photobucket.com/albums/kk118/genmaster/dollar082509.jpg

so gold came down as I Expected, I gave the target between 937-945 and it dropped to about 939, so pretty darn close. however depending on what platform your using my forex actually dipped to 935. no matter the bias was down and said after it retraces, it would rally off what ever bottom it found. and so far gold did exactly like that and has since rallied from about near 939 to 950 this morning. but how much further can it go? there are so many resistance overhead, first level resistance I will put it at the up trend line that price broken and eventually re-close below, price could be retesting this level at about 953 and turn around for I know. there fore I expect initial wall to be at 953-957 would be a good place to attampt a swing trade with stop loss, any level higher would cause a retest into the 961-967 area, I do not expect massive up moves, therefore if the 950 area swing trade short fails I will wait for 961-967 for a 2nd short attampt. and right now technically unless gold breaks above 971, I am not concern about the bearish outlook it has.

http://i278.photobucket.com/albums/kk118/genmaster/gold082509.jpg

now I wanted to look at silver, silver was kept inside a very large degree trend channel downward, and now that price at its 61% fibo level held up nicely, silver will be met and will soon break out either side. you can attampt to short sell at the down trend channel as a resistance near 14.35 but if it breaks out, then I would caution waiting on the side line for higher silver before jumping in. however if silver breaks down below that up trend line, this could quickly end silver's rise and we may have an early drop so signal would be break out on other side and a good swing trade attampt near 14.35

http://i278.photobucket.com/albums/kk118/genmaster/silver082509.jpg

[cosmok]

^Seems like 953 held, did you add to your HGD position at all?

Edit: Oil just took off :eek:

[Dinan]

Originally posted by cosmok
^Seems like 953 held, did you add to your HGD position at all?

Edit: Oil just took off :eek:

Consumer Confidence - Level 46.0 to 51.0 actual-54.1

[SilverRex]

^ wait thats positive isnt it?

[tylere]

Anyone buying HGD this morning?

[Dinan]

Originally posted by SilverRex
^ wait thats positive isnt it?

guess that bad for gold/silver ...

[SilverRex]

intertesting that despite good consumer confidence, technically euro, gold are all trying to head down

[997TT]

wow came within a few pennies of being stopped out when HOD hit 10.30.

now back to $10.58

Tank oil

[cosmok]

Wouldn't consumer confidence boost sentiment in the USD causing it to gain ground?

[SilverRex]

^ while this does not happen always you have to know some time its a buy on rumor sell on news and also price must have been factored in with such news, hence the rally for so many weeks

in my books, its all technical, usually its news catching up to news

[SilverRex]

very weak, gold is breaking down, next play to stop the bleeding could be at 937

oil is below 73.50 now I expect it to drop further

dont be surprise why all the sectors is selling off, its call dollar is quite near major support levels, currently dollar is rallying

[Dinan]

is 72.60 a good support, to get out off HOD?

[Vanish3d]

I need over 12 HOD to break even....
come on oil tank you piece of shxt!:whipped:

[Dinan]

it bounced off the 100 day.....


so NG september contract will expire at the end of the week, so if we are going to see 2.5 NG then we got a long way to go from 3.25 october contract :facepalm:

[Z_Fan]

I sold my $2.78 HNU at $3.00 yesterday afternoon and bought it all back this morning at $2.78 again. LOL. BIG spender with my 400 shares of this POS stock.

[Dinan]

looks like silver broke out....shouldn't go higher then 14.55, right SR?

there goes OIL :D how low can it go?

[Super_Geo]

Oil is tanking! :eek:

[997TT]

sweet ... waht a move switching from HOU to HOD yesterday afternoon.

Tank oil tank.

silver :banghead:

[Dinan]

silver is pulling back too :D



how low can oil go?

First support is the 10 day moving average crossing at 72.29

maybe there??

[Super_Geo]

Gold above $1000? Technical Analysis:

http://www.bloomberg.com/apps/news?pid=20602013&sid=au9vWBOfMd9g

[Z_Fan]

Originally posted by Dinan
how low can oil go?

Oil can go to about the low $30's range. That'd be fine with me. I think it should be in the $45-$52 range right now. :poosie:

[Dinan]

Originally posted by Z_Fan


Oil can go to about the low $30's range. That'd be fine with me. I think it should be in the $45-$52 range right now. :poosie:

hahhaa, more realistic... :D

before it starts running up to the high 70's...

[Super_Geo]

SR.. what's your take on oil's drop? Start of the bear run, or just a correction before a final push up?

[Z_Fan]

Guide us oh great and wise SR.

Guide us!!

[997TT]

decided to be a chicken shit and buy HOD over HND.
at first i was pretty pissed ... HND up 7% and HOD was up 1%
now gap is closing a bit.

HOD 11.04 up 4.45% and HND 16.98 up 6.86%.

Fk, losing money sure takes it toll on how risky you want to be. lol

edit: and i'm a fkn puss for buying 3k shares hod and not 5k like usual.

FK

[Super_Geo]

Holy shit, looks like the bears are here!

[Dinan]

Originally posted by Z_Fan
Guide us oh great and wise SR.

Guide us!!

hahhaha..... :D

yesss, where is SR ??? :D

[max_boost]

Time for the markets to pull back again? :dunno:

[Super_Geo]

Got 1000 HOU at 9.17, with a stop at 9.07...

edit: LOL, stopped out 10 mins later

[guessboi]

seems like HOD is making a run. why didn't i get in at 10.5ish this morning. :banghead:

[Z_Fan]

It has to run to $11.81 or some shit before I even break even! Cuz I held HOD last time it made a run and then it did one of it's very famous drop a couple bucks overnight while the god damn market is closed so all these poor SOB HOD holders can't sell kinda-things...

:nut:

[superboyazn]

^cause there was a possibility it'd hit the $75-79 mark... especially after it hit $74 yesterday... who knew the bears would come back..

[997TT]

just added HND at 16.80 .... lol
should've bought yesterday in the high 15's

oil, silver and NG 2x short. haha

edit: oil tanking hard again ... $71.36

[Z_Fan]

I'm thinking it's getting close to time to set a stop-loss on my HOD shares. Now that the loss doesn't look nearly as fucking lousy as it did the this morning ... or yesterday ... or the day before that ...

[cosmok]

^Just be glad you didn't get stopped out earlier ;). USD is gaining momentum again

[997TT]

Originally posted by Z_Fan
I'm thinking it's getting close to time to set a stop-loss on my HOD shares. Now that the loss doesn't look nearly as fucking lousy as it did the this morning ... or yesterday ... or the day before that ...

Let it ride Z_Fan ... let it ride

edit: just sold hod 11:30. NVM z_fan...i can't turn down 0.8/share in less than 1 days work.

[cidley69]

Where's oil/HOD going to go from here, further up, sideways or the dive SR foretold of.....????

Any thoughts?

[SilverRex]

while for oil the funny thing is, I was expecting this drop on monday that it will fall to 70-72 range. now that it finally did (after breaking below the 73.50 this morning)

oil is very much still just neutral, it will require further down side because it has rised so much, technically it has to at least get below 70 and or even 69 before it becomes major bearish again.

why I say this because dollar and gold have not confirmed a trend change yet.

I wont feel comfortable in the dollar strength until it can get back above 78.50, and gold is not completely dead until it breaks below 937, but all the while the selling forces are big and i hope some of you took my advice and shorted gold at around 953 this morning, then you would have a very good buffer to see if gold would roll over to the down side.

if this is merely a head fake, then oil could very quickly rally back higher after finding a bottom under 72.

we did achieve the 75 oil this morning. will this be the top? we wont know yet. after all the cyclist calls for the market to rally until mid september. it may seems too early.

anyways like I said, unless I get comfirmatin from other sectors, execpt momentum to the upside not finished yet.

[Dinan]

anyone getting into hou ?? :D

[doudou]

sr

when gold aug contract espire. thank you

[997TT]

so oil doesn't look like it will break minor support of $71.75.

therefore, i am going to see what happens tommorrow before picking a side. makes it tougher that tomorrow is inventory data.

[Dinan]

Originally posted by 997TT
so oil doesn't look like it will break minor support of $71.75.

therefore, i am going to see what happens tommorrow before picking a side. makes it tougher that tomorrow is inventory data.

yeah if it wasn't for that i would have taken a shot at hou, but with the inventory report tomorrow who know's....


so the clunkers program ended so that should help the build for next weeks inventory...

[Vanish3d]

inventory data is what helped HOU shoot up last time... :dunno:
repeat?

[Dinan]

Crude oil lost some upside momentum with 4 hours MACD crossed below signal line. Nevertheless, another rise is still in favor with 71.75 minor support intact. Current rise from 58.32 is still expected to extend to next long term fibonacci resistance at 76.77 (38.2% retracement of 147.27 to 33.2) next. On the downside, though, break of 71.75 will turn short term outlook neutral and raise the odds that rise from 58.32 has completed. Focus will then be turned to 65.23 support.

[SilverRex]

^ sounds about right thought oil touched 71.12 today, I'll use that as support instead

however be warn that oil could very easily dip below 71.12 briefly for a divergence before shooting up as well.

I'lll use below 70 oil as a good guage for bearish oil.

the dollar will reveal it self soon enough.

[Dinan]

Originally posted by SilverRex
^ sounds about right thought oil touched 71.12 today, I'll use that as support instead

however be warn that oil could very easily dip below 71.12 briefly for a divergence before shooting up as well.

I'lll use below 70 oil as a good guage for bearish oil.

the dollar will reveal it self soon enough.

71.11 :D

are you going long at this point or still holding your HOD/?

[SilverRex]

^ was hedging oil above 73.3, but now that it came back down I have exited hou on the break below 73.50

I'll rather hold hod than to hold hou, giving the longer you hold hou the more disadvantage it becomes, but hod on the other hand is much different

if oil suprises us with an early kick at the can by massively dropping to 65 and below, then I will do nothing and just leave my hod alone, but starting 75.5+ oil I will began adding to my short position as much as I Can afford.

[Dinan]

^^^ looks like your sticking to you guns! :thumbsup:

looking at the daily chart of oil it looks like it's losing steam and it's getting overbought, and there seems to be a divergence on the MACD, from june 15th till todays high, the macd didn't have no where near the strength it had when it made the ~72oil high on june 15th till today....

am i on the right track here :dunno:


oh and shorted some silver too, :burnout:

[kenny]

Natural Gas could dip below $1. Crazy, why don't they lower production? Can they?

http://www.calgaryherald.com/business/Natural+prices+could+fall+below+report+warns/1928706/story.html

[kaput]

.

[SilverRex]

ok yesterday I suggested that oil unless it broke below 73.50 because of a negative divergence occuring, it would remain bullish but upside is limited to about 75.50 , however it was limited earlier at 75 instead. close enough? well my bad as I missed the fact oil is actually in a trend channel show in red. and look at how beautiful price was rejected off 75? had I saw this eariler I would have called 75 as max top and a good shorting swing point.

anyways now that price came down it is only turned from bullish to neutral stance and we are at the junture it will take either a up move path or down move from here.

notice a similar pattern may be forming if you compare to oil's movement few weeks ago, depending on what the dollar is trying to do, oil could very well bounce/rally off the previous supply down trend line (which is now a support) and attampt to push higher but it could then reverse when it hits the new purple line producing oil a similar story the last time it dropped from 72 to 65.5. of course if the dollar is on a break out pattern which I will get to in a second, then oil's decline also will continue. right now oil is very much in a swing pt, so either a break up or down would oocur so you can trade with a tight stop, but if oil takes below 70.00 then the bearish case would be in tact and on its way.

however caution as my EW count could suggest we may have seen the last sub wave 5 of 5 completed and the drop from 75 to 71.1 yesterday could be the start of a new sub wave 1 of I, there for we could be extremely near a top if not already seen the top. so keep that in mind.

http://i278.photobucket.com/albums/kk118/genmaster/oil082609.jpg


now this is exciting, looking at the dollar as I suggested and wanted to hope for is a larger ABC correction, and to confirm this dollar will have to break above 78.50 which it happily did so this early morning, while price could easily get rejected back down, so far euro is looking bearish, the loonie looks like the latest down move is impulsive, so I may be calling this break out a real one. the next thing to watch is how far this break out will go, best place to enter will be to let price break out first, then as it retraces to retest the broken supply trend line, we can then enter a safer position in anticipation of the next leg up. And it is because of this, it may be to my believe that oil's path to glory may end sooner than I thought.

http://i278.photobucket.com/albums/kk118/genmaster/dollar082609.jpg


now looking at gold, this is on the daily chart, after suggesting gold would collasp to 937 on monday because of the double top at 957. it touched near 393 pretty close, and I expected a rally back to test the 953, and it hit that mark to the tee, price has since struggling to head higher, but looking at this chart, it is very obvious gold is hugging the last up trend line and is soon will find it unable to over come this and collasp. while confirmation requires gold to re-enter or break below 937, I will gold looks pretty darn bearish right now imo and any upside should be viewed as shorting opportunity.

http://i278.photobucket.com/albums/kk118/genmaster/gold082609.jpg

also silver is also on the verge of a collasp, while it was encouraging to bulls that it broke the down trend line (channel) it is testing the broken trend line as well as the up trend line in the 14.20s. so either we have a true break out so if silver takes out 14.45 this should set it up higher, or silver breaking below 14.20 will have a very strong bearish implication that the selling will accelerate sharply.

you can place your bets this morning, but if the dollar break out is true, then the double top for silver at 14.45 would be valid heavy resistance. so if your shorting this morning, use that as your stop.

http://i278.photobucket.com/albums/kk118/genmaster/silver082609.jpg

[Dinan]

hahahaha, i can't believe what my eyes are reading... :D

Natural gas was steady to lower overnight. Stochastics and the RSI are oversold and are turning bullish hinting that a short term low might be in or is near. Closes above the 20 day moving average crossing at 3.396 are needed to confirm that a short term low has been posted.


and oil is turning bearish...

Crude oil was higher due to short covering overnight as it consolidates some of Tuesday's decline. Stochastics and the RSI are diverging and are turning bearish signaling that sideways to lower prices are possible near term. Closes below last Monday's low crossing at 67.42 are needed to confirm that a top has been posted.

[997TT]

API reports build of 4.35mmb.

part of me wonders if that is already priced into yesterdays sell off.

Most analysts expect a draw when US dept of energy releases this morning. That being said, even if th news is disappointing (ie build when analysts predicted a draw) the last 2 disappointing news the markets has shrugged off.

I going to buy into HOD this morning with a pretty tight stop.

[SilverRex]

here comes the 7-8 am smack down for gold/silver just like monday and tuesday

[cosmok]

Originally posted by SilverRex
here comes the 7-8 am smack down for gold/silver just like monday and tuesday
:thumbsup: Good calls as usual. Glad I bought some more HOD yesterday, even though I forgot about the order :rofl:

[Dinan]

ahhh sold HOD early....... i still got my silver short... thanks SR:thumbsup:

[bg_27]

NEW YORK – Crude-oil futures fell Wednesday after an oil industry group reported a big build in U.S. oil inventories that could render last week's unexpected drawdown a fluke.

Light, sweet crude for October delivery recently traded 60 cents, or 0.8%, lower at $71.45 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 55 cents, or 0.8%, lower at $71.27 a barrel.

On Tuesday, the American Petroleum Institute reported a 4.3-million-barrel build in oil inventories for the week ended Aug. 21. Analysts had given an average forecast for a 600,000-barrel drop in a Dow Jones Newswires survey.

Oil prices normally don't move on inventory data until the Department of Energy reports Wednesdays, but the API offered an early warning last week that stockpiles had fallen massively. The next day, government figures showed an 8.4-million-barrel drawdown.

Rising inventories have helped crush several attempts to push oil prices above $75 a barrel, with futures hitting that mark Tuesday before tumbling down. Oil prices have moved higher for most of the year in anticipation of a recovery in the world economy, which would drive up demand and cut oil stockpiles.

However, oil is still accumulating in storage even as peak summer gasoline demand came and went in the U.S., and as developing economies such as China reported strong second-quarter growth.

The latest rally toward $75 also came with little support from gasoline or heating oil futures, another indication that demand has yet to catch up to investors' expectations. For example, gasoline futures rose about 5% in the five sessions ended Aug. 24, a period when crude was up more than 10%.

"Traders are wondering how crude oil would have been able to go any higher without having gasoline or heating oil protecting its flanks," said Peter Beutel, president of the trading advisory firm Cameron Hanover.

Analysts expect gasoline inventories to fall by 1.1 million barrels, while distillate stockpiles, including heating oil and diesel, are seen rising by 300,000 barrels. Refinery utilization is expected to rise 0.2 percentage point to 84.2% of capacity.

Front-month September reformulated gasoline blendstock, or RBOB, recently traded 1 point higher at $2.0071 a gallon. September heating oil traded 1.20 cents, or 0.7%, lower at $1.8439 a gallon.

Source: http://online.wsj.com/article/SB125129292775260541.html

[997TT]

I lied. I'm going against the trend here ... picked up some HOU at 8.81.

stop at 8.70. We'll see how this plays out.

[cidley69]

So oil may be in a down slide due to over supply?

I wonder what the downside resistance will be at?

[Dinan]

Originally posted by 997TT
I lied. I'm going against the trend here ... picked up some HOU at 8.81.

stop at 8.70. We'll see how this plays out.

haha, thats a tight stop man, specially with inventory today, could hit your stop and run up....


still holding your silver short ??

[Red@8]

Couldn't trade at all yesterday. Now I am wondering if i should pickup some HOD now or wait until oil drops closer to/through $70.

[997TT]

Originally posted by Dinan


haha, thats a tight stop man, specially with inventory today, could hit your stop and run up....


still holding your silver short ??

Ya, still holding. even though i could've sold a couple times this morning for break even.

tight stop but i bought 7k shares. So i dont' want to be holding my balls in a sac if oil tanks.

[guessboi]

i hope oil goes back up so I can dump a big portion in HOD with a tight stop. why didn't i get in yesterday. :banghead:

[Dinan]

Originally posted by 997TT


Ya, still holding. even though i could've sold a couple times this morning for break even.

tight stop but i bought 7k shares. So i dont' want to be holding my balls in a sac if oil tanks.

why you trying to get out of your silver short? i'm just above even now..

[eljefe]

ut oh

[997TT]

U.S. commercial crude oil inventories (excluding those in the Strategic
Petroleum Reserve) increased by 0.2 million barrels from the previous week. At
343.8 million barrels, U.S. crude oil inventories are above the upper boundary
of the average range for this time of year. Total motor gasoline inventories
decreased by 1.7 million barrels last week, and are in the upper half of the
average range. Finished gasoline inventories increased while gasoline blending
components decreased last week. Distillate fuel inventories increased by 0.8
million barrels, and are above the upper boundary of the average range for this
time of year. Propane/propylene inventories increased by 0.9 million barrels
last week and are above the upper limit of the average range. Total commercial
petroleum inventories decreased by 3.1 million barrels last week, and are above
the upper limit of the average range for this time of year.


HOU 8.93 and climbing .... sweeet

[SilverRex]

^ anyone find out what the report is this morning?

I actually do not mind if oil goes up so I can add to my short position

im thinking I will add if hod can get to about 10.60-10.70

one thing I notice about hod

[eljefe]

Originally posted by SilverRex
^ anyone find out what the report is this morning?

I actually do not mind if oil goes up so I can add to my short position

lol, then you can start adding

[997TT]

SR, right here

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/txt/wpsr.txt

HOU lets go MFKR... $9.02 and counting.

[Red@8]

SR if you are adding HOD what are you looking for as an entry point. With oil rallying a bit here off the numbers I am nervous to get into HOD, just dont want to mis-time the trade completely thats all.


Edit: Just read SR's edit.

[SilverRex]

look at the hod chart.

notice the back ground volume? we got one of the highest buying volume off the low 10s.

this could very well signal we have put in a bottom for hod for good.

and a break above the down trend line will open up hod, the sky will be the limit. a break above mid 12s and it will head for 16

not to mention mid 12s is also about 67 oil, which oil needs to break to confirm a big down trend is underway.

also hod.to on the daily chart stoch is VERY oversold

so Im hoping hod can retest the 10.60s as it was a previous resistance/support. so I can double up.

while 75+ oil is intidmidating, none the less its unsustainable

your going to ask didnt I say oil to find a top between 75-79, yes I did, but we did hit 75 didnt we? so at least we got our minium objective, mean while, the dollar is firming up and the breakout this morning further allows me to short oil more comfortably.

so now im looking for a higher short :)

http://i278.photobucket.com/albums/kk118/genmaster/hodchart.jpg

[Dinan]

yess, thank silver :clap:

[Z_Fan]

Does anyone have any actual information on SNO?

I sold all my shares this morning at double what I paid for them. However, I'm worried that was a mistake. LOL!

:poosie: :dunno:

[SilverRex]

^ yes silver finally broke down from the up trend line I Was talking about, looks like the double top at 14.45 prevails.

and so far silver is just trying to retest the broken up trend line, and is struggling and failing

if anything looking at the euro, it hasnt move much this whole week, the break down this morning off 4340 could give us a full range play of 200+ pts, that will mean euro has further to drop another 40% more so let see if silver can break down further

[997TT]

well that was a total waste of time. lol
hou back to my entry price pretty much.

chaulk up another one to should've sold at $X.XX.

damn it.

[eljefe]

Been there, done that - over and over and over - but at least your in neutral territory right now, not loss territory.

[Dinan]

Originally posted by SilverRex
^ yes silver finally broke down from the up trend line I Was talking about, looks like the double top at 14.45 prevails.

and so far silver is just trying to retest the broken up trend line, and is struggling and failing

if anything looking at the euro, it hasnt move much this whole week, the break down this morning off 4340 could give us a full range play of 200+ pts, that will mean euro has further to drop another 40% more so let see if silver can break down further


where would be a good point to sell ?? is 14.05 a good support for silver,??


oil is dropping back down... damn, wanted to get into HOD under 11 again ....

[cosmok]

Gold can't seem to break 940 even with the added USD strength

[Dinan]

Originally posted by 997TT
well that was a total waste of time. lol
hou back to my entry price pretty much.

chaulk up another one to should've sold at $X.XX.

damn it.


yeah, you playing with lots of cash, should have sold quick time for over 1k profit in 10min,, not bad at all :D

profit is profit....


at least silver is doing good :D

[Dinan]

damn, silver is turning around and rallying ....:dunno:


bounced off the 14.20 support, lets see where this goes...

[997TT]

oil and gold moved up slightly.

back to 0.15 profit on hou...or $1k.

sell or get greedy? lol

NG is a total pos. should've put everythign i had into it when it closed under $16 2 days ago.

[Dinan]

Originally posted by 997TT
oil and gold moved up slightly.

back to 0.15 profit on hou...or $1k.

sell or get greedy? lol

NG is a total pos. should've put everythign i had into it when it closed under $16 2 days ago.

would have made a crazy amount.... damn NG:facepalm:

[Dinan]

damn ZSL sucks... is not moving anywhere near as much as HZD ......


well at least the loonie is crashing down :D

[997TT]

i just rocked a 1% gain ... lol
out of HOU at 8.92 for a whopping 0.1 gain.

The $700 that i made can go towards my daily slurpee run

[Z_Fan]

Originally posted by 997TT
The $700 that i made can go towards my yearly slurpee run

Fixed that for you. Even at that you're a serious slurpee monger cuz you'd be sucking back 2 per day on that budget.

It must suck being as wealthy as you. :poosie:

I made $80 today on HOD. :poosie:

[997TT]

Originally posted by Z_Fan


It must suck being as wealthy as you. :poosie:



I got a long ways to go before i qualify as wealthy.

Do wealthy ppl sit in a inside cubicle?
staring a fkn insider divider not knowing if its sunny or crappy out.
lol