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

To: John Pitera who wrote (1237)	2/21/2001 11:34:54 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 12410

Minor is neutral.... "So it's Not a Buy Yet.... But perhaps close...?" I agree with Minor. Wheat and all the other grain stocks are monitored very closely and can change quickly on the monthly grains scale signals. Also world wide supplies have become better integrated in this modern age, and the general perception of increased efficiency may not cause the same price panic as in 1995-6. It's very possible to see the winter wheat harvests come out strong and knock that 68 day stockpiles into an upward trend. Also..., more acres could be planted as the Starlink and Mad-Cow sell off in feeds requires small farmers to go to wheat crops. So at least we have a heads up and be patient. But I stand Firm with "Time has Run-out" for this basing pattern and expect a move "UP" within the next few weeks to a couple of months. Maybe only to $4.00-5.00 March. Chip