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| on 11/29 you stated the following.............
"Speaking only in terms of speculation, none of this is new news. My mind set remains unchanged from two months ago, except I am viewing new crop. I still like buying the dips in Nov08 and Nov 09 soybeans; look cheap relative to corn values. Wheat and corn will be laggards.
BUT ANTICIPATE BREATHTAKING SHARP REACTIONS!! We are entering the Holiday period and the Funds are heavy longs! Always a time period tempting to cash in profits by year end. Prices always MOVE TO THE ORDERS."
i comprehend the major points of the above passage to mean, that you feel there will/could be large price drops before Jan 1?
and then today, an almost 180 in the following as you are looking for Blow Off's which to me mean large up swings in prices. limit moves for a coupla days even maybe signal a blow off top to many .................
"except still think we are entering the blow off stage & could be exciting."
am i missing something or are you covering yourself from both sides? vi
ps....wheat a "laggard"? | |
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Morning
