All 9/6 gaps were closed, including ES 1480.50, NQ 2003.50 and QQQQ 49.14. A litlle squeeze above, but oil at 80 was just too much even for the most ardent bulls. We are getting ready for some pre-option expiration set ups tomorrow and Friday.
As for oil, the game might be to take the November contract to 80, which would put October around 81. At that point, unless we get a full blown hurricane, the trade should be short especially if the dollar rallies next week.
As for oil, the game might be to take the November contract to 80, which would put October around 81. At that point, unless we get a full blown hurricane, the trade should be short especially if the dollar rallies next week.
This entry was posted
on Wednesday, September 12, 2007 at 9/12/2007 08:56:00 PM.
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