Re: [RT] beans

["Norman Winski" <nwinski@xxxxxxxxxxxxx>]

 This is a follow up to my reply to CKP who 
asked for a Soybean forecast. Please see below.
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  ----- Original Message ----- 
  <DIV 
  >From: 
  Norman 
  Winski 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Friday, March 19, 2004 1:00 
AM
  Subject: Re: [RT] beans
  
   
  <BLOCKQUOTE 
  >
    ----- Original Message ----- 
    <DIV 
    >From: 
    ckp 
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="">realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Thursday, March 18, 2004 2:29 
    PM
    Subject: [RT] beans
    <FONT 
    face=Arial size=2>
    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.  
     
    ACTUAL RESULTS:  May Soybeans topped mid 
    day on March 22 at 1062 . I went short on
    the March 22 opening, per my posted forecast at 
    1045. I covered my short at 1002, in line
    with my posted analysis, on March 29th, for a 
    43 cent profit which if you did a mini as recommended = a $430 profit 
    excluding commissions. 
     
    Regards,
     
    Norman
     
    Kris
    Thanks







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