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I thought of going long sugar above 7.11 on a stop... until I looked at a
monthly continuous chart.
HHH
>From: "Earl Adamy" <eadamy@xxxxxxxxxx>
>To: "List" <realtraders@xxxxxxxxxxxx>
>Subject: Re: My Final Words On Microsoft Ruling (does everyone promise?)
>Date: Thu, 11 Nov 1999 12:51:15 -0700
>
>Looks like the shorts want to take a rest in the grains ... I suspect W
>completed a w.3 decline today and should rally for a bit before we get a
>final push down. The seasonals are negative into early next year and I
>don't
>think the selling is finished so I'm going to stand aside for whatever
>rally
>we get. Hard to say on sugar but I haven't liked the price action. If
>anything, the daily for the last two weeks has the look of an elongated
>bear
>flag which is ready to crack. I've got to see money lying on the table
>before I mess with the NY pits, although sugar seems to be the best of the
>lot.
>
>Earl
>
>----- Original Message -----
>From: Steve Karnish <kernish@xxxxxxxxxxxx>
>To: <metastock@xxxxxxxxxxxxx>; List <realtraders@xxxxxxxxxxxx>; Earl Adamy
><eadamy@xxxxxxxxxx>
>Sent: Thursday, November 11, 1999 11:03 AM
>Subject: Re: My Final Words On Microsoft Ruling (does everyone promise?)
>
>
> > Earl,
> >
> > Right on Earl! Attached is daily wheat post and a few thoughts on
>sugar.
>I
> > will probably go long wheat in the morning ... if the market stays under
> > pressure. Sugar is at a critical area. The 13, 21, and 34 day moving
> > averages have been "supporting" sugar (markets tend to be supported by
> > moving averages that are trending in the market's direction). The more
> > averages in a confined area, usually the better the support or
>resistance.
> > The thing to watch, over the next few days, is without any significant
>price
> > movement to "drag" the averages up, the 13, 21, & 34 period averages
>will
> > turn down (count backwards and see for yourself). When these
>circumstances
> > have come together in the past, many times the price will race down and
>you
> > can not expect a recovery until the averages are able to turn up again.
> > This is just something to monitor. It very subjective, as opposed to my
> > grain trading which is totally mechanical.
> >
> > Steve Karnish
> > Cedar Creek Trading
> > http://www.abbracadabra.com/cybercast/
> > ----- Original Message -----
> > From: Earl Adamy <eadamy@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxx>
> > Sent: Thursday, November 11, 1999 9:15 AM
> > Subject: Re: My Final Words On Microsoft Ruling
> >
> >
> > > I can't claim to be the oldest here because I was only a child when I
> > began
> > > working with IBM main frames at ITT:Corp 8:00 EST on Sept 10 1962 (37
> > years,
> > > 2 months, 1 day, and 5 hours ago).
> > >
> > > My only expert opinion is that we need to get back to trading! Aside
>from
> > > the SP, BP and Sugar there hasn't been much on the subject. Anyone
>else
> > > trading the short side of grains? Anyone else looking for a possible
>short
> > > setup in cattle?
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: Brent <brente@xxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxx>
> > > Sent: Thursday, November 11, 1999 9:31 AM
> > > Subject: Re: My Final Words On Microsoft Ruling
> > >
> > >
> > > > We've got to find out who is the oldest (and most experienced)
>person
>on
> > > > Real Traders is because he is the only one that can have a valid
> > opinion.
> > >
> > >
> > >
> >
>
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