Futures Are Red. My Favourite Color When I am Short.

Tuesday, October 13, 2009

After a persistent sequence of green days it seems like we will see some red today. I love red whenever I am short. I am even wearing a red tie today. Everything helps.

I am short S&P futures and and I am short June Oil Futures again at 58.58 USD. The market is extremely overbought and everyone who bought in the last few days are going to witness pain. I expect a major correction here.

The quote of the day goes to George Soros, one of the greatest of all time, "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.".

Petroleum Oil Gas info Blog is a website for active online futures traders. I will provide my real time trading decisions and my market thoughts on this webpage.

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