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Dead Cat bounce time for corn?
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vailcat
Posted 5/1/2015 11:33 (#4546943 - in reply to #4546914)
Subject: RE: Dead Cat bounce time for corn?


NCND
These markets are still rewarding selling any rally.

I had orders working Wednesday to sell sept wheat 559 and July 561

Filled at close 559 then I pulled 561 just in case. Dang it would have filled and been up 28 cents already.

Until this stops working I wouldn't fight the tape. Beans looking like they pried loose bushels or something as they are falling back to where they were. If we can take another 6-8 cents off some bean calls I sold for November 1060,1040, 1020, I will cover and short the next bounce. Could be very soon(next week). Working buying 820 and 800 puts at 5@5 and 6@6 cents then sell any rally to 10 then sell again at 1040 then re evaluate if given the chance.

I'll be taking profits on wheat at 30 cents or 6 cents on last sell then I'll look for first tiny resistance in chart and repeat.

Hope this stops working but it's been a little printing press.

Perhaps longkc if you changed your name to shortkc we could get a Russian invasion or something!!;)
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