07 November 2011

Corn : Sell

  • Looks like a SHS top.
  • Broken neckline and now pulled back all the way for a good risk/reward short around 650.
  • Unfortunately, purely academic for me now. Only have demo account to play with. Sold there but really meaningless when you have no real skin in the game.

3 comments:

Anonymous said...

Hey TS, are your funds stuck with MF Global? I'm reading nasty stuff about what they've been doing. Hope you get safely out of it. As if we don't have enough to deal with in the markets, we also have to deal with crooked brokers!
Pandu

Taichiseal said...

Unfortunately yes. Stuck. Hearing negotiations going on to sell the brokerage business here. Presumably if that happens then I will be made whole by the buyer. Fingers crossed.

Jon Corzine and others should go to jail for this. Criminal misappropriation of segregated customer funds.

Anonymous said...

Sucks big time mate. Corzine and a bunch of others in that company should go to jail immediately. And the money should be clawed back from them. Corzine has personal wealth enough to cover the shortfall. Hope for the best.