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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (5032)	3/2/2009 6:17:34 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 6370

Thanks,.. I was not a really big fan of a bearish trade as I believed that quantitative easing and money helis would work their magic. For some time they did though but there was an inordidate amount of selling in oil and ags after every small rallye. As a consequence of the stimulus measures clearly not working that stuff also worked its way back. Then not all grains are at the depressed levels from autumn, corn is 15% over the low only wheat is near its low. Soy is 8.5 vs the 7.8 contract low but the chart is a cliffhanger. A limit down day means that it reaches its low again. Currently, I do not trade grains very much, perhaps once every other week. It would take a new wave of dollar weakness until people begin to buy this stuff again in earnest. But for now, everything else is weak, not the dollar. A short in DBA could perhaps still work; it could go below 20. It is below october lows and only an inch ahead of the absolute low from early december.