John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Chip McVickar who wrote (851)	4/6/2000 1:21:00 PM
From: John Pitera	Read Replies (1) of 33421

Chip, Corn is a real gentleman's Market. Opens at 10:30 ET and Closes @ 2:15. So we don't have to put in all these long hours -vbg- You tend to get moves in the first half hour and in the last 40 minutes of trading. I see that they are just adding a Nov contract, I'm not sure how the liquidity will be in it. cbot.com I'll see about posting a chart or 2 . here are a couple of SSB comments: CORN** MAY Short/intermediate-term trends up. Resistance 238.25-241.5, then 250. Support 224.75-220. A two-sided Tue session with a fractionally lower close did not affect our current viewpoint. A Dec-Mch up trend (202.5-241.75) is being consolidated. A mid-Mch pullback has extremes at 241.75 and 224. Some near-term consolidation could occur with a recent gap at 229.25-227 providing support.jn4/5

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