Exiting QM (September crude) long now at 61.625 for +5. ($2500 per contract).
We got a good one and as Baruch would say, sell too soon. That is the equivalent of 500 YM (DOW) points or 50 ES (SPX) points. Had to book profits on that one, even though I think it is going higher eventually. Got in at 56.625 on 7/21 and it never looked back. Waiting for a pullback now, possibly at gap (60.60). I would not chase it on a break below 59.65.
We got a good one and as Baruch would say, sell too soon. That is the equivalent of 500 YM (DOW) points or 50 ES (SPX) points. Had to book profits on that one, even though I think it is going higher eventually. Got in at 56.625 on 7/21 and it never looked back. Waiting for a pullback now, possibly at gap (60.60). I would not chase it on a break below 59.65.
This entry was posted
on Monday, August 01, 2005 at 7:54 AM.
