Wednesday, November 9, 2011

Let's Go Into the Confessional Booth...


... and pray that the retracements will be as tiny as possible today. Judging from pre-market activity, it doesn't look like we're going to have a happy shiny day. Right now, I regret being only 67% cash and popping open a new position for Bernanke!

Overnight, oil marched to a new high of $97.32, but so far in the day, it appears it's been unable to hold onto meaningful gains, knifing through low after low. What's going on with the open outcry traders at NYMEX?




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