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Old 12-12-2006, 02:27 AM
cowpip cowpip is offline
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Re: Week 51

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You beat Buk to the plate though on that long of yours

He executed it thru the 1.95 (9517) on confirmation of the 2nd doji from the Fib/S1 bounce.
That was definitely the safer entry, waiting for that 2nd doji to confirm.

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If it can hold on any re-test of c9540 (today's S1 zone) it should gather sufficient steam to have a crack at last weeks highs around 9817.
Good point. I've decided to reduce my stop back below the S2 level for today, so that this puppy has enough room to continue swinging higher - if that's their intent. I suspect tomorrow's post-FOMC will be key to the near-term direction of cable on the longer frames, although CPI tonight should be interesting to watch as well.

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