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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (1629)	2/17/2008 10:18:21 PM
From: John Pitera	Read Replies (2) \| Respond to of 1643

In the 1970's the rallying cry for the bean bull markets was beans in the teens back then they could not quite get there. Now that we are trading up in the teens it probably means that we will see still higher prices. keep an eye on wheat, if it has topped out that could negatively impact beans. I doubt that wheat has topped out. It's been a bull market in beans. the contracts all have a 13 dollar handle through July of 2009. Prices should work higher. Keep an eye for a big pickup in in intraday volatility that comes on high volume that would be a signal to tighten stops on longs. Big foodstuff needs coming out of China and India and Brazil John