Friday, September 2, 2011

DTO -USO Update

As you know, between emails, watching the market and capturing, annotating and updating posts, it an take a little time. In the post I just put out, I talked about re-entering my Crude oil short via DTO, I think I will re-enter that position.

 DTO showing a 1 min positive divergence-it may be a bot early, but with risk management, it's a trade off I'm willing to take.

The USO 5 min chart is also showing a slight negative divergence, this could be a consolidation, but again, it's a chance I'm willing to take. There could also be more then 1 negative divergence before t turns.

No comments: