Wednesday, March 28, 2012

$POT chart and setup 3/28/2012

dont get to trade this often because of lower share price, mainly stick with CF.. heard TeraNova mention today he sold his position.. heres what im looking for:

right near the 50day today, will be watching for a further pullback to the low support from 2weeks ago near 42.50.. if it hits that level will the price out credit put spreads at/below the support line near 38 from december. some type of usda report on friday i believe so might be a mover on that day.

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