Re: [RT] beans

["ckp" <cksg@xxxxxxxxxxx>]

Hello Norman
sorry could not reply before. I was away for two 
weeks. great call on beans I missed it .Do you follow coffee ? looks like it is 
bottoming. 
Thanks
Kris
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Norman 
  Winski 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Monday, April 05, 2004 11:32 
  AM
  Subject: Re: [RT] beans
  
   This is a follow up to my reply to CKP who 
  asked for a Soybean forecast. Please see below.
  <BLOCKQUOTE dir=ltr 
  >
    ----- 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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