16 February 2011

Soybean : Added to Short @ 1384

  • A bit tentative in flipping from long to short last night (1396), having only just cut loss on long at the open earlier in the day (1410).
  • Closer look today has increased my confidence in the short trade, hence just added to initial short at 1384.
  • Daily : Definite sell.
  • Weekly : Same.
  • Monthly : Parabolic rise since Jul10. A reversal could be vicious, especially since the world and their dog are long. Not one of those where one can wait for month end confirmation before acting. 1291 beckons now.

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