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>>OJ appears to be at an ideal point for a reversal down ?
>
>
>Market again failed at overhead resistence and closed
>slightly lower. Holding short looking for a break lower.
>On the fundamental side, traders are waiting for the
>first private estimates for the future OJ crop which
>is due out Aug 8. Last years record crop is already
>in the freezers, if the estimate is for another large
>crop, prices could collapse.
Attached charts show very low volatility
bearish divergence and bearish rising wedge
Attachment Converted: "c:\eudora\attach\OJ8u_vol.gif"
Attachment Converted: "c:\eudora\attach\OJ8u_vol2.gif"
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