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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (17577)12/3/2004 7:24:51 PM
From: Square_Dealings   of 116555
 
I think the Chinese are smart and since the plan was to drop the dollar they have been holding off on buying grains. Maybe the converted some dollars to Euro and now they will cash in the Euro for wheat.

Not sure but I think the four week cycle is positive for grains next week. Still far from calling it a bottom but a positive Friday is taken as a good sign for the following week in grains.

Its the first day I took positions and they all closed positive.

M
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