OK, Crude: I told you a week or so ago that the target was $58 but "who knows if we'll get there?" Now, after a rally, the bottom has dropped out of the market. Q: Is all this tradeable? A: Not for people who can't get in and out within seconds. People who trade on the floor trade a five minute chart, reproduced above. There are several entry spots but probably the second time it couldn't take out $63.20. Had you done it you would now (9:38 AM) be up more than $4,000 in one half a morning. But you would have to be a well capitalized super pro to do this kind of thing, and those kinds of people do not need advice from me. The risks are so high in this market that I don't think I'd ever do more than intraday trading. Looks like it's going to hit $58. Later Add: at 11:15 on the five minute chart below, you will see the strong rally so the bail out point would have been around $61.62; this is as tight as you can play it, but keep in mind that the market can move so fast you can't get in or out.