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c-xr-1
Posted 10/19/2014 21:40 (#4135885 - in reply to #4135850)
Subject: RE: Bean OI - revisited.


Houston,Tx
cornbore,

selling beans in here is exactly what the strong hands are looking for - this is SOP -- most of the weaker participants will continue selling at least until 1st daily up impulse is complete :)

further, the OI rule of thumb is out-the-window in soy, b/c it also continued to increase by 49,000 contacts from low on 10/1 to 10/13.

corrective price action should usually result in a decrease in OI.

Edited by c-xr-1 10/19/2014 21:44
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