Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Grain Futures Trading -- Ignore unavailable to you. Want to Upgrade?

To: MJR who wrote (435)	2/17/1999 11:23:00 AM
From: MJR	Read Replies (1) \| Respond to of 645

TRADE: SELL MAY99 BEANS @ 4.90 1/4 BUY STOP SET AT 4.96

To: MJR who wrote (435)	2/17/1999 12:49:00 PM
From: nicewatch	Respond to of 645

Hi Mike, A broken water heater, huh.... sounds like fun. <GGG> Good luck on your trade. I agree with your read on beans... the trend is down until proven otherwise. At the same time, I think this is the tail end of the decline... but don't take my word for it... I thought the same thing last month for a little bit too. <GGG> My gut feel is that any turn in beans down the road will be -like similar turns- in the form of a wider range reversal day. The 1st 2 weeks of September 98 give two good examples of what I'm talking about. Although in hindsight, those points do sort of stick out like an inflection point. Moreover, the 1st week of December... and the 1st week of January show good wide range reversals down. I'd give you the specific dates, but I am not at home. The points are fairly salient on the chart. Just a random thought.... talk to you later Regards, Frank