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Re: [RT] beans



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  ----- Original Message ----- 
  <DIV 
  >From: 
  ckp 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Thursday, March 18, 2004 2:29 
  PM
  Subject: [RT] beans
  
  Hello
  I would like the opinion for the beans is this 
  the area to consider to buy puts or not? Norman and whoever follow the beans 
  would like inputs and what strike price would be good if is 
  topping?
   
  NW: Yes, I think May Beans may be getting close 
  to a high. However, I see some cross currents
  that should make any top over the next few weeks 
  a complex affair.  Look for a possible short term
  high on the March 22nd opening.  Rather than 
  using options, I would use futures and short a minimum position, perhaps a 
  mini-bean. If correct, beans should correct about 40-60 cents. 
  However, my real objective in this is to test the 
  waters to find a extended topping period where
  mucho dinero can be made trading the shorter term 
  cycles such as the Lunar cycle.  Once I see
  the market to begin to respond as I expect, I 
  will begin increasing my positions.  Currently, May
  Beans have exceeded my expected minimum 
  upside target of 1002, so if Friday is sideways or 
  higher, Beans should be setup to sell on Monday's 
  opening.  
   
  Regards,
   
  Norman
   
  Kris
  Thanks







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