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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (16453)	2/23/1999 8:43:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Beans you say? Well to be honest I cannot get a clear direction on them after today's call for the pop. They looked weak then around noon time and they fell back about a cent and a half since that point but at the close there doesn't appear to be a clear direction. Today's rally was weak at best. Long term direction is still down. I am thinking probably 450 level by early march on the march contract. That would suggest that any rally tomorrow should probably be shorted as today's strength was very suspect and faded badly near the close. Of course that could be a fake out and we get a nice pop before they tail off to the 450 level. BWDIK....I just started looking at them.... The volume on the March contract already looks thin. I think the May contract might be the way to go already. It is interesting. No matter what you look at to trade, it is just price action, isn't it? -Scott