We are flat all markets, however I would break up the crude oil into two units.
One unit to buy at $73.00, the second unit to buy at $68.00 Dec. Contract.
SP stock index future, break buy into 3 units. Buy one unit at 875.00, the second unit at 835.00 and the third unit at 800.00 all basis Dec. Contract.
I am looking for a longer lasting low to come in here. This should be the 5thof the third wave down. We should ultimately get at least a 3 wave rally of dissent proportion when it's over. If we bounce before taking out the lows of last week then we are probably in the 4th wave yet and will bounce again before the 5th wave starts down. Then we will have the 3 wave rally. A bit confusing, but the buy techniques will hopefully handle it.
However, we must get to the bottom of this fifth. It could go lower then the 800 level with this heavy volatility.
Do you own diligence this is a wild market. We are way ahead and want to stay there.
Happy Trading!
The risk spreads must close up, until they do interest rates ate pressured, I think it will start to soon. This will get real estate going.
Richard
view my new homes for sale and other interesting things about real estate.
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