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

To: nicewatch who wrote (444)	2/23/1999 8:30:00 AM
From: MJR	Read Replies (1) \| Respond to of 645

Frank: I agree in your bean read this morning. I'll be looking to exit my bean short this a.m. for a profit. I think that more downside pressure is coming to beans, but there will be some covering for a few days to make for another nice short entry point. Live cattle seems to be starting a bearish trend. It gapped down pretty good yesterday (looking at the June contract. If we get a bit of a rally at the open I'll be looking at opening a short in that market. Perhaps at the 6500 mark may make some sense, although we may actually fill the gap back to 6530?. Good luck in your long bean trade. Mike

To: nicewatch who wrote (444)	2/23/1999 8:30:00 AM
From: Nemer	Read Replies (1) \| Respond to of 645

SH9 Frank --- I was sending Scott (S E on Systems thread) some of my thoughts last night via email ... I've seen/imagined the same short term bounce in beans that you have posted. The longer time trend is still intact, however, I have interpolated a slowing of the decline as well as an impending bounce. BTW --- your charts are much neater than mine because I do mine in my head, and it's cluttered in there ...... ggggg Nemer VP Scalping Divison BIETS