Thursday, July 10, 2008

Hard to read the chart

So, crude oil end flat and DJI goes down 236 points. Where is the reason that market should go up when oil goes down? It's hard to read the market, it tricked me of giving up some of my good position. As I usually only buy 1 contract per trade, there is no way for me to take partial profit. The exception was BAC. Too bad. Anyway, I bought the put for Goldman Sachs (GS) today. Support at 150/140/100.



GS Weekly Chart

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