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Hi rt's,
If you recall, a few weeks ago, some rt's wanted to get short o.j.. I
responded by saying if anything you would want to get LONG. Especially if
we close above the 115 area for the closest (weekly) contract. Again, the
reason being (KISS) simple. I am doing what follows by memory, but i don't
think it takes much of a memory for this trade --->
1- We are about to break a 9 year downtrend on the monthly
charts!!!,!!!,!!!
2- The winter will be here pretty soon (anticipate the anticipated
anticipation)
I believe florida does not have the world population of o.j. it once
claimed, but,
regardless, the "freeze play" is still there...
3- Check out the fundamentals--> where in the world are the biggest %
suppliers,
what are there projections vs. last year. Do they have a potenial
frost, of bugs, or
hurricanes, or La neenno, or anything to that effect to have the
potential for
ANY type of "scare"
4- Keep an eye on the weekly, daily, but especially monthly charts. Also
look
at % retracements from the old 1990 highs above $2, to last years 65
cents,
i think 135 would be the next target, then.......(see my point)
5 - refer up the list here to "1-" !!!
6- who knows, maybe over the next week, clinton and gorby will give up
women and
wine, and start endorsing orange juice (ha,ha!)
just more common sense observations from a fellow trader...
gary
hawaii
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