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Unofficial Start to Summer in the Bean Market
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vailcat
Posted 5/26/2015 06:49 (#4591499 - in reply to #4591350)
Subject: RE: Unofficial Start to Summer in the Bean Market


NCND
Long I don't know what to think so I'm using the metric of everytime my trading account makes new highs we get a bounce in market. I've been essentially short when trading and as commodities make new lows I make new highs.

I made new highs on Thursday so I'm taking some risk off based simply on that and as Jpartner says the market will snap back. Trying to get cute and allowing for the snap back from the flat side or as I'll call it less short. Nov 14 beans bottomed at 904 we touched 906 on nov 15 overnight. Close enough for now imho
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