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Mark,
I agree totally.
Steve Karnish
Cedar Creek Trading
http://www.abbracadabra.com/cybercast/
----- Original Message -----
From: scheier <scheier@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Cc: List <realtraders@xxxxxxxxxxxx>
Sent: Thursday, November 11, 1999 12:53 PM
Subject: Sugar / was Re: My Final Words On Microsoft Ruling (does everyone
promise?)
> Have to concur now on the sugar, Steve. Thought the large bull flag I saw
> forming over the last several weeks might still have the impetus to
trigger a
> breakout above 7.11. Although the flag is still in tact, now very
doubtful.
> The past 3 day's form a pattern I call the Dripping Spout. Sugar has done
2
> other of these in the last 6 months, with devasting results. A gap down
> opening tomorrow below 6.77 would trigger a flag failure and suggest a
test of
> the 6.40 lows.
>
> Scheier
>
>
> Steve Karnish wrote:
>
> > 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.
> > >
> > >
> > >
> >
> > --------------------------------------------------------------------
> > Name: wheat.gif
> > wheat.gif Type: GIF Image (image/gif)
> > Encoding: base64
> >
> > Name: sbhma.gif
> > sbhma.gif Type: GIF Image (image/gif)
> > Encoding: base64
>
>
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