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Zeus wrote:
>
> Walt and Rick,
>
> I'm interested in your opinion about coffee now. I think it's showing great
> support here.
>
> Shay Horowitz shay@xxxxxxxxxx
> Zeus Investments, LLC.
> 13918 E. Mississippi Ave. http://www.zeus-holdings.com/
> Suite 245
> Aurora, CO 80012
Shay,
Yes, coffee does seem to be evidencing strong support at the
6780 level. In order to take a stance in the market, I would
like to see evidence on Monday that the speculators (Large specs)
are not going to try to take everybody out and drive the market
to 160, before taking it higher.
On a solid break of the current trading range over the last few days,
I might consider some sort of verticall bull call spread.
I will be watching closely at 12:00 noon EST and 1:00EST. This seems
to be a popular time for the stronger traders to show their hand.
Walt Downs
CIS Trading
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