For entries Monday, check your daily high
on Thursday before they dumped
oil company prices into close...
That may be around a back test
area on Monday for entries...
and not the Thursday closing price
to back fill opening gap for Friday...
Markets like to appear systematic
in technicals on up moves...
There is actually no real gap on
charts for oil company prices to
continue the new up trend...
But those looking for cheapest entries
want to blame it on, 'the news was
expected' to load up for a posibble
bigger, longer extended uptrend...
Selling calls now on up moves will
be a brave thing to do...
Negative mentality is baked in now
and no one wants to believe...
So we watch...LJ
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