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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: John Pitera who wrote (1220)	2/14/2001 11:33:45 AM
From: Chip McVickar	Read Replies (1) of 12410

John, The 45° line off the 96 high is the first clue. Also I believe you'll find that time is running out for this extended basing period in wheat. I began looking at grains after the Mad Cow news hit the air waves and should have taken a short in a few. But recently, I ran across some information on wheat that might prove to be a contrary reason for BUYing. <smile> I thought a Call here might be safer at this time and then as the move established itself buy the futures contracts. Don't want the news to effect the technical look at the charts..., So I'll wait a period, and see what your look finds. Chip

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