Friday, December 11, 2009

WTI in Narrow Consolidation


click on to enlarge
While it's possible that WTI finished up an abc structure down at yesterdays lows, so far no evidence.  The move up is anemic so far hence assume it's consolidating. Additionally the Euro is displaying exactly the same
behavior.

Lets pretend your bonus is not being taxed at 50%, or in long vesting stock....you've made a TON short USD / long oil.  It's mid Dec.,  Emerging markets and European sovereign's default risk is screaming up ....it's Fri.
What do YOU do?

1 comment:

  1. Let everyone think it's safe to go long and then blow them out of the water one last time?

    ReplyDelete