Thursday, April 24, 2008

The Grain Bulls Push Back

The existence of erratic up and down movements in soybeans suggests to me that there is great turmoil in the market, and that the push back by bulls may be short-lived. I have a hunch that longs are selling into the rally. Unfortunately, a trader never knows for certain that erratic trading conditions will emerge, since we seek to enter at the earliest point of a change in sentiment. We must therefore manage the trade with astute attention in the early part of the trade.

Important Note: This post was written earlier than the last two, but for some reason, Blogger placed it last. I have no explanation for why this happened. Please note the times when the posts were written rather than their placement.