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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (6539)	10/24/2000 11:43:18 AM
From: Nemer	Read Replies (1) \| Respond to of 7434

edit === holy hell .... there CAN'T be TWO Prime Ministers here ..... I'll abdicate to PrimeMinisterSlevin and just be SupremeRulerNemer ....... I came back to the computer after loading some posts and tools and had no difficulty linking up ... results were the same as last time, which was over a year+ ago ... Your distinct personality The Prime Minister might be found in most of the thriving kingdoms of the time. You are a strategist who pursues the most efficient and logical path toward the realization of the goal that you perceive or visualize. You will often only associate with those people who can assist you in the implementation of your plan. Inept assistants may be immediately discarded as excess baggage. To do otherwise could be seen as inefficient and illogical. On the positive side, you can be rationally idealistic and analytically ideological. You can be a bold decision maker and risk taker who can move society ahead by years instead of minutes. On the negative side, you may be unmerciful, impatient, arrogant, impetuous and impulsive. Interestingly, your preference is just as applicable in today's corporate kingdoms. >>>>>>>Think Beans bottomed in August? beans ==== here is a report that I use sometimes .... SOYBEAN COMPLEX: The weekly closing price reversal up is positive for November Soybeans as long as the market closes above 466 on Friday, October 20th. The daily stochastics gave a bullish indicator with a crossover up. The next upside target is 480 1/4. The next area of resistance is around 476 1/2 with support at 466 1/4. The weekly directional indicator is in a sell mode. Look to sell a rally into resistance as the 40-day moving average is still indicating a bear trend. It will take a close over 478 1/2 to turn the trend up. The outside week up is a positive signal for December Meal. The upside weekly closing price reversal is also bullish. Positive momentum studies in the neutral zone will tend to reinforce higher price action. The near-term upside objective is at 179.10. Near-term support is targeted at 166.70 and resistance is pegged at 176.60. The major trend is up with the market above the 40-day moving average. The sell-off took the December Oil to a new contract low. The market's setup this week is defensive unless the previous week's high is penetrated at 15.19. Trading below the 40-day moving average indicates the longer-term trend is down. Support should be encountered at 14.34. Momentum studies are declining, but have fallen to oversold levels. The next downside target is 14.34. The 9-day RSI under 20 suggests the market is extremely oversold. The lower close and new contract lows for 7 sessions in a row is normally a sign of a climax short-term low. I personally feel that== beans have been correcting since Sept5 and are more than likely have located the bottom but support at or around 460 but if 446 is breached to the underside we are gonna go lower, perhaps to 440 at which point a long and sweeping climb to exceed the summer highs will be hit .... but I don't expect 446 to be hit and expectations from my point (Paris isn't exactly the center of bean knowledge) a stead climb should be in sight ....