Hi, Juiceman,
Remember last Sunday, pondering the 118 as support? Well, how about looking at it from underneath now, and questioning if that is now resistance. The last 2 days gained back a nickel. Tomorrow is last trading day for September and the price is 122, but Nov. is 115 and a decimal. What happens? Do buyers rush in and force November up with buy tickets? Are there still longs in the market? Maybe the hurricane prospectors. Aside from that concern, is there a reason to buy strongly and change the trend?
I am tempted to sell if there is languishing in the 118 to 120 area, Nov.
I'll be disappointed if I miss an up move, but I'm not going to be in that game at this time.
Any thoughts?
How's the elbow?