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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures
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To: GROUND ZERO™ who wrote (1253)2/23/2001 10:28:52 AM
From: Chip McVickar  Read Replies (1) of 12410
 
GZ,

On Wheat:
Looks like the weekly forks are downward pointed with one at 260.00, 250.00, 230.00 technically suggesting weakness and wheat will see 250.00 even 230.00.
Volume on the monthly charts is also very interesting.

So the purchase of a call as suggested is early at best if not wrong.

However, I believe the time element presents the possibility of a "Surprise Factor" entering the wheat arena.

So where did you dig-up that South Dakota farmer...?
Probably in a Pineapple Patch.

Message 15399261
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