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The COT data 2 weeks ago showed Commercials extremely net long and Large
Specs extremely net short. . . Some fundamentals that I've read suggest
higher prices are comming. . . . I'm want to go long. . .but will in
correct further?????
Tim Proeber
> -----Original Message-----
> From: acgeeks@xxxxxxxxxxx [SMTP:acgeeks@xxxxxxxxxxx]
> Sent: Tuesday, April 07, 1998 10:08 PM
> To: RealTraders Discussion Group
> Subject: Re: FUTR: Sugar
>
> I to have been bitten by the sugar bear. Do you think it will retreat
> back to mid March (9.20...) or has it retraced enough already since we
> are back to about the price of the 30th, the day before the big jump
> last week? Anybody?
>
> On Tue, 7 Apr 1998 08:30:02 -0700, you wrote:
>
> >Back in January I was sooooo sure that Sugar was going to make a move
> up
> >some time between February and March. I was humbled and reminded
> again that
> >we can not predict the markets, we just have to listen and follow the
> >market.
> >Right now sugar has been consolidating for about a month and forming
> a
> >wedge. I think maybe we should look at the break out of from the
> wedge
> >formation to determine where sugar will be going next.
>
>
> Thanks,
> Russell
> acgeeks@xxxxxxxxxxx
> www.bjassociates.com
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