Wednesday, January 23, 2008

The Bulls are Back in Town!


The bulls have begun to have soybeans for lunch today. The soybean buyers have regained their footing, and are stepping in to drive prices back up again. Perhaps we were just a little too close to lock limit down, and sellers were too few in number to continue pushing prices downward. Note in the bottom panel of the left screen the Klinger Volume indicator, shown in my last posting, is showing momentum shift toward price strength!