Thursday, December 20, 2007

COTTON - STAY ON YOUR TOES

KEEP THE POWDER DRY AND BE PREPARED TO SELL COTTON SHORT.

THE CHART IS REALLY STARTING TO LOOK AS IF IT WANTS TO ROLL OVER AND UPON THIS ROLL THE SHORT POSITION WILL BE INITIATED.

IDEALLY I WOULD LIKE TO SEE THE PRICE LEVEL 66.63 OBTAINED BEFORE ROLLING OVER AND WE ARE NOT THAT FAR AWAY FROM THIS PRICE NOW.

THE NEXT LEG DOWN IN COTTON HAS THE POTENTIAL TO BE A DOOZEY AND WE WANT TO TRY AND GET ON BOARD FOR AT LEAST 2/3 OF THE MOVE, BUT CONFIRMATION AFTER THE ROLLING OVER IS A MUST.


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