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RT'ers,
Here is a recap of how these trades quoted on Sunday, have faired this
week:
These are the trades for the week:
Dec SP500 - The SP500 Bull has moved too far. Within 3 days, the SP wil
fold, losing 20 points. After the SP trades at 948-950, The Dragons will
wake up, and decide the final outcome. If the SP closes and holds below
940, the back of the longterm bull is broken, and the Dragons will
move to 920.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
TGR objective of 950 reached today. (+16 points) from trade,
+20 points peak to trough.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
US TBOND - This market seems quicker thatn the SP and may provide
valuable advance information for the fate of the SP over the next few
trading days. Within 3 days, Bonds lose 2 points. Consider Selling
115 and taking profit at 113-15. If the Market breaks and holds at
112, then the Dragons will move, and it will be likely that we have
a new baby bear on our hands.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
This market has yet to try the 115 level. NO TRADE.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
US Dollar Index - The Back of the bull dollar has already broken,
confirming our hypothesis of the weak bond and stocks. Unless
Drogons consider Bonds a good hedge against the weak dollar (And
Dragons don't seem to be thinking like this right now), this will
hurt the bonds. Unless we pull a rogue Dragon, The Dollar will have
a hard time making it abov 99.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Profits were taken against yesterday's lows, as TREX objectives were
met. ( +100 )
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Dec J Yen - Look for immediate improvement in the price
of the Yen. This will confirm the lack of confidence the
Dragons have in bonds and stocks.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Profits taken against yesterday's highs as TREX Levels were hit.
( + 120 )
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Dec Swiss Franc - Unless the Tigers can drive the Franc
below 6815 soon, the Bear's back is broken, and the Franc
will trade higher.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Franc + 50 but waffling so badly profits should be taken.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Dec DMark - The Tigers may well attack, and drive the Mark to
5600, but after that, it will probably be all Bull for a while.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Mark + 78 from the 5600 point. profits should be taken.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Dec British Pound- The Dragons have left. Look for weakness, if
the Tigers can't hold the market at 160. If they fold, we will
see the Pound at 1.5750.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Initial position profit of + 100. market reversed sharply, and is
now trading higher.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Dec Corn - Broken Bull. IF the Tigers can not successfully drive
the Corn bull back over 265-270 within the first trading days
of the week, then SELL Corn at it's current levels, and take
profit at 252.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
A short spurt on Monday, and Corn has traded down ever since. No
real profit here though.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Nov Soybeans - MAJOR Tiger territory right now. NO bulls or
bears will be present until beans hit either 655 or 625.
At these levels, we are going to see a few Dragons popping up,
and the fate of the market will be decided.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Beans still trading in this range.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Dec Wheat - Broken Bull. Wheat no higher than 4.00 in near
future. Possible orderely progression as Tigers drive the
baby bear to 380. At 380, a Dragon could show up, so be
careful. :) Until then, watch out for the rogue Tiger, and
SELL minor retracements.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Oops, that should have read 360.... This market has traded in a tight
range.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
November Heating Oil - What a ruckus. The bulls, bears and Tigers
are out in force. Dangerous but lucrative terrain for philosophers.
The bull has the advantage here, as Tigers will try to drive things
higher in the near-term. If the market is driven above and holds
55.70 there is a strong chance the Tigers will get 58.00 before a
Dragon shows up, and the bull is consumed.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
(+130) profits should be taken today. We may still reach the 58.00
objective, but I see reversal potential, so, time to take the money
and run. :)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Dec Coffee - Baby bull in the making. The Bear might have one
final gasp, as the Tigers take the market to 160, but that will
be it. With El Nino looming, the Dragons will be hungry, and they
will like the taste of 160. After a few Tigers serve as appetizers
the other Tigers will get the drift, and start running with the
Dragon. Nice market for vertical call spreads if we reach 160,
or the market immediately shows strength on Monday.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Coffee has "played dead" all week. No breakouts either way.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Oct. Sugar - Strong Bull potential. The Bear has been
hanging out for awhile and is now glutted and weak.
the Tigers will see this, and come running. If a Dragon
gets interested, we will see Sugar near 12.00 very quickly
Expect the Tigers to go after 11.50 early this week.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
BZZZZZZT. Thanks for playing. Totally wrong. Major support failed to
hold, Sugar broke down and still hasn't looked back. :)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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