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New Mexico | basically the 1st of the year.
Mondays are never good anyway, approx 18 to 19 have been lower out of 27.
Wednesdays the market tends UP ( perhaps just for spite ), approx 18 to 19 of em higher out of 27.
Thursdays take to long and lower but do tend to confirm the previous 2 days Up ( again approx 19 out of 27 ).
Fridays, take to long and ARE lower yet ( again approx 18/19 out of 27 ).
I figure this week or next is a breakout UP.
Tough to do though when 40% of the trading days are lower.
Keep in mind, since the other 60% of trading days (using simple math) have an equal chance of steady or higher, that translates to only 30% chances of steady or higher.
Perhaps the trading trend since the 1st is perhaps almost totally "tech" resultant?
On wheat ( ALL the grains actually ) EVERY week that cash index ( NET Cash market ) moves up...haul some to town. The weeks it's lower ( like last week ) stay home, and go fishing.
3 weeks ago was a decent opportunity as was 2 weeks ago.
Wheat and beans are the leaders in the whole grain schematic.
That is because they are both extremely current as per supply/True demand.
Corn will likely tag along some...but that is FAR back in the dust too.
Edited by Markwright 7/26/2010 22:13
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Where`s the chatter gang ?
