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Walter,
I really appreciate your warnings of "Big Boys" buying corn
when I am selling. First let me explain to the list of where I am and
why I am posting these charts. EVERYONE PLEASE READ THIS!
These signals are just me testing a trading method...I am NOT a pro
trader. My signals can be (and probably are) wrong. I am learning
the mechanics of trade and simulating as real as possible the risk of
being wrong by making these decisions public (keeps me honest).
When Al Taglavore was kind enough to offer a bit of advice on
my hesitation to make trade decisions, I decided to "Stick My Neck"
out with a signal, it turned out to be a failed signal, but I recovered
from it with little loss (this time). Perhaps I need to incorporate the
COT reports into my method....but for now I want to smooth out
the mechanical techniques of my basic system before I add or adjust
to it. Actually this basic system will let me know quickly if a signal is
right or wrong, I am just perfecting the methods of damage control,
after all its easy to trade if things go as planned. <g>
Adam
----- Original Message -----
From: "Walter Lake" <wlake@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, April 20, 2000 9:35 AM
Subject: Re: (Market) Jul Corn
> Hi Adam and Steve
>
> So what's going to move the market down?
>
> weather? -
> demand? -
> supply? -
>
> If liquidation starts, you've got 93,000+ longs that are going to need to
be
> "flushed".
>
> So why are the funds sitting with such a huge long position? Why are they
> still buying ... 4,000 yesterday?
>
> Best regards
>
> Walter
>
> ----- Original Message -----
> From: Adam Hefner
> To: metastock@xxxxxxxxxxxxx
> Sent: Thursday, April 20, 2000 12:38 AM
> Subject: Re: (Market) Jul Corn
>
>
> Steve,
> I Sell at a close above 237.75 (I think that is what you mean)
> really plays along with the rules of the current
> market condition (congestion). I would have normally called a signal along
> these lines, but was torn between this
> congestion action trading and the break-out signal on the 17th. Always
enjoy
> your market signals.
>
> Adam
>
> ----- Original Message -----
> From: Steve Karnish
> To: metastock@xxxxxxxxxxxxx
> Sent: Wednesday, April 19, 2000 8:27 PM
> Subject: Re: (Market) Jul Corn
>
>
> Adam,
>
> Although all the "troops" are in May, I would be a seller of July on a
close
> above 287.75. Also, take a hard look at the wheat/corn spread (basis
July)
> under 30 cents. It has a bunch of potential. I put a bunch on at 27.25
> today. Could be a big "wiener".
>
> Take care,
>
> Steve Karnish
> Cedar Creek Trading
> http://www.cedarcreektrading.com
>
>
> ----- Original Message -----
> From: Adam Hefner
> To: metastock@xxxxxxxxxxxxx
> Sent: Wednesday, April 19, 2000 3:34 PM
> Subject: (Market) Jul Corn
>
>
>
> Since corn has reversed back up and remaining in the congestion area I
will
> exit the corn sell signal tomorrow with a MIT
> at 235.1 (provided that is hit before my buy stop at 239.5). Not sure this
> is the best way to handle it but if my MIT is hit
> I will take a little .05 cent loss, if my stop is hit..a 5 cent loss.
> Comments anyone?
> Adam
>
>
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