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| Every now and then, the market has to allow some to reposition. All strong run ups will show some weakness as the ones on the wrong side lick their wounds and others take some profit off the table.
Notice that July08 hasn't been hurt that bad yet (could by the end of the day).
Again, I think computer trading/fund trading with stops set too tight moves the market much faster and wider than it should. Little supply and demand goes into todays market. We can run it up or down without a single change in supply or demand.
Tim | |
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Two hard days on the wheat
