friday trading, page-46

Fundas

Alas I bought some wheat yesterday.

The MACD on a longer chart has been rising while the price has been going sideways.

That is a fine whooska as Wink would say, but when the MACD gets high enough and price doesn't move then there is only one way to go and that's down.

I exited a previous position for break even and lack of discipline got me in again.

As he points out, this is now unprecedented in market history for a first down move.

My interpretation, and I didn't listen to myself, was for 2 more wheat legs down based on EW.

Halved my long and should be out but will see what happens to oil at $40.

Volatility!

Imagine if oil goes from 150 to 10 in 6 months, and is possible in 40 goes.