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Tell me about Wheat!!!!
- - - - - - - - - - - - - - - - - - - - - - - - - - - -Clyde
Lee
Chairman/CEO (Home of
SwingMachine)SYTECH Corporation
email:clydelee@xxxxxxxxxxxxxxxxxxx 7910 Westglen, Suite
105 Office: (713)
783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - - -
- - - - - - - - - - - - - - - - - - - - - - - -
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Norman
Winski
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx ; <A
title=astrofinance@xxxxxxxxxxxxxxx
href="mailto:astrofinance@xxxxxxxxxxxxxxx";>astrofinance@xxxxxxxxxxxxxxx ;
<A title=gannsghost@xxxxxxxxxxxxxxx
href="mailto:gannsghost@xxxxxxxxxxxxxxx";>gannsghost@xxxxxxxxxxxxxxx
Sent: Wednesday, September 11, 2002 8:34
PM
Subject: [RT] SOYBEANS - Sept. 11, 02
Update
This is an update to a note about Soybeans
I posted on May 31, 2001. In the interest of responsible posting, i.e.
one shouldn't post recommendations unless one follows up later with
updates, I am posting this update tonight. Please see the note
below. Near the $4.07 low in July 1999, I accumulated a multiple unit
long position in Soybeans. I have since been selling on strength and buying on
weakness with the eventual result of letting the market take me out of my
position. When time ran out on my contracts, I rolled to future months.
My maximum position near the low was 4 units. Today, Sept. 11, 2002, my
third exit target, 588 1/2 on Nov., was exceeded, so I exited one unit
and I am now down to only one unit. I am still long term bullish on
Soybeans, seeing the potential by next year for over $8. However, I see
some cycles now, such as Mercury Retro, that raise the risk level for the
short to intermediate term, not to mention the crop report due tomorrow.
Strategywise, I am very pleased with where I am with this position. If
Soybeans tank during the next few weeks, I am in a good position to repurchase
at lower prices. If I am wrong about a correction here with the cycles
inverting,
I am still long a minimum position and I am
prepared to ride it up to over $8 if that be the case. In otherwords, I
have achieved what I think is the ideal position for any maket, in
Soybeans, which is ambivalence.
Updatingly,
Norman
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=nwinski@xxxxxxxxxxxxxxx
href="mailto:nwinski@xxxxxxxxxxxxxxx";>Norman Winski
To: <A
title=astrofinance@xxxxxxxxxxxxxxx
href="mailto:astrofinance@xxxxxxxxxxxxxxx";>astrofinance@xxxxxxxxxxxxxxx
; <A title=gannsghost@xxxxxxxxxxxxxxx
href="mailto:gannsghost@xxxxxxxxxxxxxxx";>gannsghost@xxxxxxxxxxxxxxx ; <A
title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, May 31, 2001 5:47
PM
Subject: [RT] SOYBEANS
Anyone been watching July Soybeans
lately? Last week, they were on the verge of breaking out above the
neckline of an inverted head & shoulders. Tuesday and Wednesday,
rumor has it the fund traders got nervous about no follow through and they
tanked. Today, they are right back to the neckline.
That's the quick background summary.
Soybeans are now near an important
juncture in both price and time. Price wise, we have July Beans at the
450 neckline. Time wise, Mercury, planetary ruler of Soybeans, will be
turning Retrograde on June 4 before Monday's opening. Some of he list
veterans (someone on the list more than two weeks) may remember that I
posted similar information for February 26, which was a low preceding one of
the better Bean rallies of 2001. Mercury Retro is usually a high
(observation over 20 years) but it can and does invert.
However, the Feb. 26 example was
not a very good example of an inversion. The rally only went
about 30 cents and then failed. Usually when an inversion low is made
on Mercury Retro, the law of exception takes hold. The law of exception is
one that was found by Astrophysics when studying the distribution of energy
and matter in the Universe. This says that the rules are usually followed,
but when the rules are not followed it is cataclysmic in proportion. (If you
apply this one rule to whatever your trading approach is, it can be the
difference between huge success and failure).
I have no scientific percentages on
Soybeans and Mercury handy. I have observed Soybeans in relation to Mercury
for about 20 years, i.e. about 4 Retros per year times 20 years.I have
nailed some very good turns on this in the past. (You don't do this blindly.
The market has to set up correctly to do a trade The planets only act as a
catalyst.) My unscientific forecast is that there if Soybeans
have a big rally between now and Monday's
opening (another 30 - 50 cents), that should be a high. However, if they
pullback or go sideways and then start rallying on Monday, there could be a
very explosive rally. I recall another June, back in the 80s, when
Beans made a low on Mercury Retro. They rallied about $3 in three
weeks. That translates to a $15,000 potential profit on approx. $1,500
margin. Of course, that was a rare exception.
Past performance is no guarantee of
future results. Futures trading requires substantial risk, almost as great
as trading some stocks. Futures trading may cost you your house, your
first born, your family, your car, and your dog. <FONT
face=Arial size=2> This is strictly for fun and educational purposes
only. POSITIVE suggestions and questions are welcome. All others,
please hit delete.
Soy Veyingly,
Norman
Winski
<A
href="mailto:nwinski@xxxxxxxx";>nwinski@xxxxxxxx
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