Wednesday, June 15, 2011

Long UCO at 50.89, exit at 48.49

On May 10, I thought I could catch some more of the bounce. But the bounce was over.

On June 8, MACD on the 15 minute chart looked up, and I exited to minimize the disaster.

At least by June I had figured out that the major gap down in early May was a major bearish sign.

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