Replies to post #22675 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Macgyver250]

I honestly believe we may see another blip once the OB finishes, however 9.9 times out of ten the MM's hit the oil price really hard on Monday mornings. The last two, D has rocketed over $10 Sunday night and before the opening. I'm looking to load D shortly. That rig count really burned me. Lost today that awesome $207 opportunity.

[Lowjack]

Looks cold!

http://www.ssd.noaa.gov/goes/comp/ceus/flash-rb.html

[3kidsplus1]

34.5-35 has been catching a bid, could have some significance.

[Swing Party]

I'm still short via DGAZ. The trend says oil is going down.

The second thing I ever learned about technical trading is to follow the trend - up trend, down trend, sideways trend - follow the trend. It's the way I trade and its worked veeerry well for me. You can certainly make money going against the trend, but there are slimmer margins of error.