Wednesday, July 15, 2009

Morning gang!

We are in Pamplona mode this am as INTC seems to have saved the day. I was stopped on APA but we are still fighting in the other oil shorts. Those are half positions and I am going to put on full positions today as the chart shows the oil and gas index is backtesting its 200 dma and has generated a -1+2 bearish setup. One can look to DUG ERY or shorting the OIH as well.
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