|
PureBytes Links
Trading Reference Links
|
<x-rich>Last time we left ourselves with a short position on Dec. Corn, opened at 260.50, if I recall correctly. At the same time, I warned some of you about the risks involved in this trade, given by the short daily ranges experienced, which almost always leads to an explosion. And friday was in fact a wide range day. Result?
My short position was closed at 263.25 (the high before the latest down move), but I believe this run needs at least a confirmation: Corn closed under its moving average and momentum is simply pulling back its moving average too.
In any case, another time the passage from a month to another marks a change in trend on Corn, as stated in another post.
To conclude: watch the 3-day exp. moving average, shifted three days ahead, as it worked perfectly as a profit taking level in the latest days.
The last word: enjoy this (last) post, 'cause I am going to leave the Realtraders forum: starting from next week, I am going to serve the Army...</x-rich>
Attachment Converted: "c:\eudora\attach\corn12.gif"
<x-rich>
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
<bold>Gaetano Arnaldo Evangelista</bold> - BARI (Italy)
E-mail: ageitaly@xxxxxx
URL: http://www.geocities.com/wallstreet/8492
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%</x-rich>
|