11-15-2012 06:45 AM
to the top, from half mast.
Presented sans political commentary- 200 dma cleared in all the major indices with nothing but a puny retest effort so far. In Elliott terms, a third of a third down lies ahead as the best count.
Probably won't be good for grains or livestock when it occurs.
11-15-2012 08:22 AM
11-15-2012 09:50 AM
So who are you going to blame when beans go to $10?
11-15-2012 10:20 AM
11-15-2012 11:33 AM - edited 11-15-2012 12:19 PM
ok, MT, i would've been stoped out on ES on breakdown of ledge 745 am cent...waiting for another entry
however, i am looking for traction near here
11-15-2012 11:45 AM
I'm net short beans. Have been for a while.
Will no doubt be flat or long someday.
11-15-2012 12:43 PM
11-15-2012 03:00 PM
There aer crashes and then there are crashes.
'29 or '08 style, probably not yet.
'11 debt celing or '10 flash crash types, sure. And they had a big impact on commodities in the near term.