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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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