In Friday's market action.
Crude Oil drop within $2.00 of our long term target of $75.00. We want to cover shorts at $75.00. I don't want to miss this over a couple of dollars so we will watch it close.
The Stock index futures SP Dec., we bought the open at $870.50 on 1/3 of our position and again we bought $850.00 for 1/3 of our position. Our $800.00 buy when untouched and our $950.00 stop went untouched.
So average of $860.25 we are long 2/3 of our position. We will cancel our orders unfilled orders and trade this position. It is trading tonight(Sunday) in the 920's well over 60 points to the good.
I am looking to sell the first 1/3 at $950.00 and the second 1/3 at 975.00.
I think there maybe one more pull back possibly out there and I want to trade this.
I hope we get out before the retest.
I think that the Libor spead wil start narrowing, when it does real estate will pick up.
It was General (Doctor) Warren, of Lexington, MA. He also died in the Battle of Bunker Hill. http://www.britishbattles.com/bunker-hill.htm
Richard
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Pretty impressive ! Those have been some great calls.