Special offer

Trader's Desk Signals, Crude hit and SP Hit, up over 70 handles already!

By
Real Estate Agent with Re/Max Real Estate Limited

10/16/2008 PM

Last night we set up to buy this morning Crude oil near by contract at $73.00 and $68.00, we got the $73.00 and missed the $68.00 by 55cents so far. Lets leave the $68.00 buy in place. Put a sell order in at $80 for this unit.

We also had orders to by the SP Dec. Future (SPZ08) at 875, 835, 800, 3 individual units. We were filled the 875. The market, last I look was trading 946.50 up 76.50 points already. About 80% +gain on margin in less then a day. We will put an order to sell at 975 and move our orders to buy on the other two units to 820 and 780.

I believe this is a 4th wave now and will peak out between here and about 1025 area. Then head back down to above today's low and bounce again.

Do your diligence.

Happy trading!

 

Richard

View my new homes for sale and other real estate of interest.

Comments (1)

The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

You rock !  What do you do with the crude, USO or a different symbol ?  On your future blogs, can you add the symbos for the indexes and what not ?

Oct 16, 2008 11:51 AM