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An alternative short would involve a continuation of the rally to the 8.50 area
followed by a decline into the 7.50-7.30 area. Given the inside day on Friday, I
think this scenario has a slightly higher probability.
Earl
-----Original Message-----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, June 20, 1998 8:50 AM
Subject: Re: Oct Sugar
>With all of this agreement, I tried to find a reason not to go short and didn't
>find it. Even checked to see if the sugar pit has a habit of running to low
then
>to high to clear orders and didn't find evidence. The only negative is that
it's
>trying to pop above the wave 1 Bear Channel. I like the fact that volume was
>heavy into the last low so we probably haven't shaken out yet. Of course with
>inside day on Friday, it could continue moving up.
>
>Note chart is a CC chart with July still active - won't roll into October until
>Monday.
>
>Earl
>-----Original Message-----
>From: Alan Sears <asears@xxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Friday, June 19, 1998 7:25 PM
>Subject: Oct Sugar
>
>
>>Looks like a nice setup for a short trade in Oct sugar ?
>>
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>
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