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June 10th, 2011 at 3:33 pm
Phil / Levels So, even though 4/5 are below -2.5% level you don’t interpret this as a bearish indicator and expect a bounce?
Anyway, I took your advice and cashed in my shorts at the low of the day for a 6% gain on a huge position, so thanks Phil. Still feeling bearish, but since you’ve said you wouldn’t go short into the weekend I’ll keep my powder dry until Monday. With this Saudi commitment I just don’t see what the manipulators can do to stop an ongoing slide in oil. But, hopefully I’ll be able to short big over $100 again on Monday? ps I find sunshine quickens the recovery from cold and viruses.