QE3...........but..........and the VIX.......

[Mizzou_Tiger]

couple of interesting things to chew on..........first is this game of chicken that is happening in the EU with the ECB, IMF, blah blah blah whatever.........it appears that its a stalemate or chicken.......but is the stalemate between countries in the EU.......or a stalemate between the EU and the US????????  QE3 anyone, QE3 Euro style??????

also VIX has been impressively soft the last several trading days.........typically news and moves like we have seen and headline risk that is, protection would be at a premium by now..........NOPE.........which means there is a TONNNNNNNNNNN of cash setting on the side lines...........A TON..........no need for protection if its in cold hard cash..........

its always darkest before dawn............

[425Cat]

Man you're optimistic Mizzo. I guess someone needs to be with all the negativity out there.

So are beans headed for 10.80.? Potential island top on the weekly chart has me concerned.

 Some Farmers in my area threw in the towel and sold yesterday so maybe were getting close

[Mizzou_Tiger]

http://www.cnbc.com/id/45411396

[425Cat]

That was a good read.

The press keeps beating the lost demand drum with guys like Gulke beating the loudest. Can't seem to get a handle on it . I know we've beat it to death on this site. I guess time will tell. How much dp grain is out there any idea??

Also where did you find the QE3 rumblings??

On beans the funds have liquidated the lions share of their net longs and I think they are net short on wheat.

[vrbuck]

I don't see an island top but the SSTO and RSI in the monthly continuous is in full retreat.  We may be only half way there.

[425Cat]

Too soon to tell on the island top. depends if the gap down yesterday stays open around 11.40 on the weekly.

[nwobcw]

    About 30% in DP here.