Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
If we can hold this level with conviction...will stay in and reevaluate Monday. My gut says there is enough reasons to stick it out.
Ok, while I'd like to think oil will continue up... I'm not convinced. Being in for the 1st day of the month hasn't played well in recent history, though this may run different considering we're playing around a bottom. Discretion being the better part of valor, and capital preservation the name of the game, I jumped to the G fund, 100% COB. DBA, I like your strategy, and was very tempted by a partial allocation...
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Im in. Reeval Monday.
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Say! Where is everyone? DBA and I are having to keep this whole place afloat... Friday off? You're all drinking on the beach somewhere...
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Just got home after spending the morning getting my new "blue" military ID. Woohoo I've waited a long time for that one!!!
So I am pleasantly surprised the market is doing so well. Let's hope it continues into the close.
Also I just read an article at CNBC that the BOJ (Bank of Japan) just announced negative interest rates. There was also a better than expected Chicago PMI report. The article went on to say they expect this rally to continue into next week as well. Perhaps we will see that 1980 to 2000 level after all.
Good luck everyone!!!
"the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark
Don't take my comments as trading advice /IFT: 2-13-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
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