Thursday, November 19, 2009

Thursday

Market gapped lower this a.m below previous 2 days lows,and followed through to emini 1090 area. Saw Rig short setting up as it was near its 50 day sma of 86.87,with resist near the 87.50 level.Followed thru down to 85 level for a gap fill on 60 min time frame.Watching the 86.25 to 85.50 area now,and oil against 78.67.Had three green lights on that one,with eminis coming down,oil coming down and a significant area in the stock being broken on all time frames.

No comments:

Post a Comment