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nice call it hit 130 today :)
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not a very impressive candle today....
probably take it a couple of tries to get through that gap
be nice if it fill the small gap today and not trade down below 125
but that probably will not happen lol

new chart ... http://www.rayrohn.com/images/pcharts7/oih01.png

sold my VLO today same thinking here is monday might trade down and fill that todays gap

http://www.rayrohn.com/images/pcharts7/vlo01.png

todays candle on VLO really has nothing important to say
except the bear drank the foam off the top lol


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sold my VLO today same thinking here is monday might trade down and fill that todays gap

That window opening just might act as support as VLO tries to claw its way out of the basement. Maybe a good time to buy if that area is tested and holds?
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lol yes it sure does look that way ....

took a poke at BJS early @ 29.98

chart :::: http://www.rayrohn.com/images/pcharts7/bjs01.png

if BJS can break 30.35 should do 32 or so IMO
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VLO fill that gap ... http://www.rayrohn.com/images/pcharts7/vlo03.png

waiting here for a bottoming candle or some other pattern for re-entry
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VLO fill that gap ... waiting here for a bottoming candle or some other pattern for re-entry

Looks like VLO bounced off support within the window and closed at the same level as fridays lower shadow. In any event the bears win today. The weekly chart is more encouraging than the daily but I think it's going to be a long drawn out battle for VLO.

Good Trading
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