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Strategies & Market Trends : Grain Futures Trading

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To: wiley murray who wrote (245)11/24/1998 11:44:00 PM
From: nicewatch  Read Replies (1) of 645
 
Wiley, FWIW, I just looked at Jan beans and made an interesting observation. Jan beans has not signaled a MAC downtrend, while may beans did so today. No clue about the "events". The only thing I am looking out for now is the cycle date of 11/27-11/30 +/- a trading day. Although the may MAC is down, the STORSI's are all either very weak... or still weakening (21,13,8)... so if prices keep sliding into the cycle date, I will look to buy, even if the MAC is still down. In short, I have no firm opinion right now and hope that the action tomorrow clears up the picture for me. Talk to you later Regards, Frank
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