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Tuesday, January 17, 2012

Booked profit

As oil has traded as expected today I closed out at 101.01.
Oil is a wild animal at times so you do have to consider a $2-3 stop, anything less will get stopped out, as was seen on Friday.
Today we have seen the market pop the 1300 level do a pick a boo and come back.
Now while some technical traders will call it consolidation, it's in the time frame quick I had of 10-17 jan. looking more like a top for me and my work.

Tomorrow afternoon begins a series of some very negative aspects which should squeeze the life out of hopeful bulls.
Yes tomorrow I will be looking to short, any pop up and hold into Thursday.
As the astrology is indicating a very negative move Thursday.

Cheers
AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.

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