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SnP charts as SAT mentioned Dow
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blu
Posted 1/26/2014 18:14 (#3637521 - in reply to #3637099)
Subject: Re: SnP charts as SAT mentioned Dow




Sat, I agree, The signd are there and this will get some attention.
However, is it more then just a correction?? I'm not sure.
I would think We'd see suppt show up near 1766 or higher.
If it holds, We should see some kind of retest of the prev Hi.
We could trade in this range for some time.
Until the up TL us broken, I would expect to see buyers supporting there.
I think We need more clues - at least I do to call a top.

Now for the tough question -- Where will money flow to??

Corn?? I would think We need a story more then what We now know for it to run far.
Maybe a drought this summer would diminish stocks to the point the funds would climb on???

Wheat?? Well it should be ready for a turn - but likely needs a story here too.

Beans??? I agree -- not as likely


Maybe Metals?? may be more likely candidate for money to poor into

Maybe Hogs or sugar???

I have no Idea - - maybe they will just buy the stocks again after a correction.
I'm sure you have a better idea then I do.

Thanks - I'm glad you brought it up.
Maybe We'll get some other comments.


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