Wednesday, February 13, 2008

CLOSING COMMENT - 2/13/08

ONCE AGAIN WE HAD A SITUATION THAT A COUPLE OF OUR TRADES TODAY DID NOT GET POSTED.

THEREFORE I WILL NOT INCLUDE THEM IN TODAYS TOTAL.

THE TRADES WERE BOTH THE WEDGES I ENCOURAGED YOU TO WATCH.

WE ENDED THE DAY WITH A RESPECTABLE 9 1/2 POINTS TODAY AND THIS WITHOUT
THE TWO UNPOSTED TRADES AND ALSO A DAY THAT FOR SOME REASON DID NOT FEEL VERY FOCUSED FOR ME.

THE DAY PANNED OUT TODAY ABOUT IN LINE WITH OUR EXPECTATIONS AND THIS IS GOOD FOR THE NEAR TERM AS WE SHOULD CONTINUE TO SEE HIGHER PRICES.

I HOPE THAT MOST OF YOU WHO HAVE BEEN HERE A WHILE ARE REALLY GETTING THE HANG OF THE RANGE TRADING. IT IS VERY POWERFUL AS HAS BEEN DEMONSTRATED AND ALSO VERY STRAIGHT FORWARD.

I WILL BE POSTING THE SUPPORT AND RESISTANCE NUMBERS LATER TONIGHT.

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