Quote Originally Posted by ;
Hi Lug,

I believe that you may be correct, read an article stating that 80 percent of RETAIL traders were shorting the E/U....which can only mean one thing....The commercials are selling to them because the price moves upward. As I mentioned, skuttlebutt is an option barrier at 1.3800 that I think comes off at the 1000am NY cut 7/13/07 Friday.... Does the EU have gas for 1.4000????? ....keep that tracking stop close. Nice transactions BTW. Best of Luck.
4000-4100 is my target for this bullish phase before Fiber goes into corrective phase down to par 3600. Soon it will touch level 4000 is past my estimation.
Some profits have been fastened with the tracking stops so I will just allow the market feeds me as much as it needs.

A pending order at 3800 has been triggered. This place is just half of their size.

Hmm with this Monday or Tuesday, I'm expecting another bull run. In my opinion price failed to close above 3800 because traders dislike having position over the weekend.

As usual ... I can be wrong but one thing for sure being wrong this time doesnt hurt thanks to trailing stops.