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Strategies & Market Trends : Grain Futures Trading

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To: nicewatch who wrote (550)5/5/1999 3:44:00 PM
From: John Pitera  Read Replies (1) of 645
 
thanks for that run-down frank, Sugar has rallied 13 % or more in the past 2 days and all the softs are rallying. Defrocked mentioned this to me today:

Take a look again at GSCC today...you've got a
Bloomberg right? Punch in GSCC and see what's
holding up the index despite 48% of it being
comprised of oil which is down 1.3%. Its industrial
metals, precious metals, coffee and sugar. Sugar
has historically been a coincident indicator of
increasing global real incomes. Recent commodity
movements have been suggesting a basing and upward
bias and that the real global economy is no longer
on a precipice. BWDIK.


if this global strengthening thesis is correct it will spur on a move up in the grains.

just a thought.

PS. I like your system of taking small losses, playing for the big gain.

J
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