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djmcountryboy

Posted 7/7/2010 18:51 (#1264323 - in reply to #1264235)
Subject: I wouldn't be so quick to jump on the bull bandwagon.

Mascoutah, Illinois

MLEBRUN, made an excellent point!!! We traded right up against the top of the recent downtrend line in soybeans. If we have another strong day tomorrow like we saw today, we would have a possible confirmation of a breakout. At this precise moment, you sell today's rally based on the close. It could all change tomorrow based on the price action. This market has the feeling it wants to breakout. We just need a confirmation with the price action.

Edited by djmcountryboy 7/7/2010 19:03

I don't like todays corn close - Mlebrun : 7/6/2010 22:37
- RE: I don't like todays corn close - Hurricane : 7/6/2010 23:18
- RE: I don't like todays corn close - Hurricane : 7/6/2010 23:19
- Todays close took that worry away. n/t - JDPlowboy : 7/7/2010 15:41
  - RE: Todays close took that worry away. n/t - Mlebrun : 7/7/2010 17:19
    - I wouldn't be so quick to jump on the bull bandwagon. - djmcountryboy : 7/7/2010 18:51
      - RE: I wouldn't be so quick to jump on the bull bandwagon. - Mlebrun : 7/8/2010 08:15
- Re: I don't like todays corn close - ehoff : 7/8/2010 08:29

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