| IN555 - 4/27/2024 17:33
So you are communicating with all the managed money? Otherwise how do you know they are comfortable? Are all of them of the same mindset? Do they tell each other what they are thinking? When would they no longer be comfortable?
No one is crop killing, its called trying to anticipate something before it happens that very well could cause a market to move. It might only be april 27th but if the forecast holds true pace will get well behind the next couple weeks and that just makes the likelihood of a 182 or whatever the usda is going to print a lot less and that number has influenced a lot of fund managers to take the position they have.
This is a very interesting post. I find it interesting that you are justifying anticipating a market move and using a fundamental reason to justify doing so. But it's taboo for others to use charts to do exactly the same thing. The fund managers are looking at charts and derivatives of them. Once the area or whatever derivative of the chart they are focused on gets taken out, they will cover. They have a plan, right or wrong and couldn't careless about 182 put out by the USDA. That's why they are professionals. They don't just lick their finger and stick it in the air to see what direction the wind is blowing.
Take care
Edited by NEIAAG 4/27/2024 21:50
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At what point does managed money get nervous?
