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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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