When Fibonacci's Go Bad... How I Screwed Over My Almighty October Euro Gains, Reducing Them to the Deepest of Consumer Debt...
CPI up a modest .2% MoM, keeping healthy inflation in check, making it unhealthy for the vomit-green greenback. Dollar Baskets retrace two day correction back to long term impulse wave, as funds square the books for the year, taking profits off the table... It's the weekend where I need to re-generate serotonin, yet I am hampered by forced cultural christmas shopping frenzies in Manhattan... Crude is a buy on every dip, up until $46.50, minor resistance at that figure, then breakout back to $50 PT... Lockheed is long two February contracts at $41.80, $43.51... eyeballing $50PT by early Jan, might close half of position there, and scrutinize level for possible upside breakout to form the peak of the right shoulder... with trailing stop at $49.49... Lockheed will tell you when to reverse...
posted by Lockheed Hayheehoo Macedon @ 10:16 PM
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1 Comments:
Lockheed only cares about crude for three months as a time... will it keep rising past 50-55 for 2005? Who cares, because when and if it does, we'll make the right call to short,hedge or long... As for the behemoth of China... mega capital inflows once they loosen up, float the yuan(reminmbi), but I already have an inkling that once this occurs, we won't be buying from the Chinese per se, we'll by buying 'high' from well, let's say a guy called, "Mao Long Duc Feinberg"
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