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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Nemer who wrote (73)10/25/2000 1:20:24 PM
From: SE  Read Replies (2) | Respond to of 12411
 
Anyone know the high on the mini for the period 12:39 to 12:53....QC blacked out, as did everyone's feed from what I understand.

Thanks.
Scott



To: Nemer who wrote (73)10/25/2000 2:48:01 PM
From: Chip McVickar  Read Replies (1) | Respond to of 12411
 
Nemer,

GZ played the lumber market and gave it up.
He just couldn't make it work.
I think he said he got "Chewed up and spit out like match sticks."

But that chart shows it responds nicely to the forks and looks to be on a median line right now. But which way it'll move is not clear yet, but I'd guess up for a modest move. Forks suggest 240.00 as possible. However, look at the cyclical studies to see where that stands.

Also, building may be slowing in the months ahead.

Your Beans look ready to move.
But the weekly chart suggests there's a bottom at 448.00
But the daily looks like a buy and a move higher to 484.50
60 min chart has a fork median line at 470.00

Looks like a buy above 464.00

Would you be buying the Nov or Jan contract..?



To: Nemer who wrote (73)10/26/2000 7:43:59 AM
From: Patrick Slevin  Respond to of 12411
 
I recall those days in the early 1990s, each day after the market opened Lumber was lock limit up.

Then after a week or two of that, each day it was lock limit down. Too bad you did not check the RSI......