Thursday, January 15, 2009

Oil cuts through Low

Oil has broken lows of late last year and I have taken stops on the small trackers. The indexes continue to plunge lower and I am just stepping aside and watching for something to change. Turns out I covered my shorts way too early but I don't feel like shorting here as I think we are do for a bounce relatively shortly and I will just be waiting for signs that bounce is about to take place.

JAX

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