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Hi RFH,
Sorry for the late response, I've been away from SI for a while. My long bean position that you refer to was stopped out a while ago, back on the break of friday 5/7, if i remember correctly, for 3 cent loss, per contract. I think I may have mentioned this in a post to John a while back, post 560 or 561 i think.... but i guess was too lazy to post it separately. <ggg> Since then, I've actually made a few nice short scalps, and a failed long, which was closed out thursday and friday, for a very modest loss. Net net, my scalps are keeping in the black on the beans, but i feel like a fool looking at the trend over the past few weeks, and the trades I've been trying to make. <g> Live and learn, i guess.
FYI, I just updated my charts geocities.com
beans are testing that larger sideways fork.... it must hold, otherwise beans will break hard again, imo. If that sideways fork holds, the case can be made for bottoming action, otherwise prices in the lower $4 range will be seen soon... BWDIK. Perhaps Rich and others will indeed see their $4 beans. <ggg> Talk to you later, take care
Regards,
Frank |
