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nasty head fakes on softs

Coffee, cotton, cocoa all looking at pretty nasty failure of the last day or two's reversal action today.


Fed can make anybody wrong here but I think the action is telling of what the market wants to do in the absence of intervention.


That said, in the grains weather is #1,2 and 3 for now.



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Senior Advisor

Re: nasty head fakes on softs

Well, I guess you're getting QE3 but, it's kinda puny  Smiley Wink

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