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I agree with Tom this is a good post and I have already told Norman. While I
have no interest in Astrology, Normans thinking here is very astute. As
stated this kind of set up requires deep pockets but with a double bottom in
the CRB and bullishness beginning to be evident in other commodities this
looks like a good opportunity to buy low and sell high. I think that sugar
will pull back again but not to new lows and continue to form a pennant
formation. For those interested it may be a good time to leg into a long
straddle.
Brent
-----Original Message-----
From: Tom Alexander <gta3@xxxxxxxxxxxxx>
To: Real Traders 99 <realtraders@xxxxxxxxxxxxxxx>
Date: Thursday, July 29, 1999 7:35 PM
Subject: Re: Sugar Update
>Great post. Quite illuminating. For instance, while you are an accomplished
>astrologer it is obvious that, at least in this particular trade, you are
>also a well capitalized, sophisticated scale trader. Also, you have a very
>thorough understanding of Elliott Wave.
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