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<DIV><FONT face=Arial size=2>LIst,</FONT></DIV>
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<DIV><FONT face=Arial size=2>I've had many immediate responses to the sugar
momentum oscillator post and I felt I should 'splain it more. I've been
long forever and have traded out of the position a few times to scalp 40 or 50
points. I feel there is tremendous reasons to believe that the 6.87 to
6.90 should hold. In most situations, the convergence of three fib moving
averages is enough to stop any move or provide support to a market (especially a
baby bull in the making). I'm "throwing the towel in" tomorrow by placing
stops below fibonacci retracement and the fib moving average convergence.
If the momentum oscillators are suggesting downward pressure (and doing it in
tandem with a bit of serendipity, I don't want to get in the way of the
downdraft). </FONT></DIV>
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<DIV><FONT face=Arial size=2>I don't use a mechanical system to trade
sugar. If the momentum oscillators would call sugar's turns with any
accuracy, I would have developed a mechanical trading approach. It
does react well to fib retracements and moving averages. The
"seven</FONT> <FONT face=Arial size=2>reasons" are just that: seven
reasons. Add them to 10 or 20 other reasons to go long or short and sooner
or later you will start to understand why I use mechanical systems in 90% of my
trading. Sugar happens to be one that I'm forced to trade using all the
tools. Anyway, my stops are not far below the 6.88 area.
</FONT></DIV>
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<DIV><FONT face=Arial size=2>Steve Karnish<BR>Cedar Creek Trading<BR><A
href="http://www.abbracadabra.com/cybercast/";>http://www.abbracadabra.com/cybercast/</A></FONT></DIV>
<DIV><FONT face=Arial size=2>Steve Karnish<BR>Cedar Creek Trading<BR><A
href="http://www.abbracadabra.com/cybercast/";>http://www.abbracadabra.com/cybercast/</A></FONT></DIV></BODY></HTML>
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