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De Vries, Trevor wrote:
> R'Ters
>
> Do you think SB has bottomed out ?
> Implied Vol's are at an all time high, looks like an ideal oppurtunity for a
> short strangle !
> Any views ?
>
> Regards
>
> Trevor De Vries
Trevor De Viries:
I also tend towards the notion that Sugar 11 is bottoming out. It's getting
there but just not quite yet. Wave 4. of the sub-minutte degree has been in
placed already. My short-term indicator hasn't indicated a bottoming out yet.
I will wait for the sub-minutte fifth before considering going for a long. A
more reasonable long entry should be below 8.31. Regards.
Have a good one
Jeff Harteam
Hong Kong
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