Corn is at the crossroads here.
The second leg down has not equaled the first leg down in price, so there is room for a bear market rally here. However, the lows were taken out and this would call for lower prices yet still.
The best plan of action is a tight trailing stop that will lock in our profits on corn should the market begin to rally.
One thing remains clear and that is the fact that the ultimate bear market low for corn has a long way to go before it gets here.
Saturday, July 21, 2007
After The Correction Look To Corus
Friday, July 20, 2007
If You Talk About It Long Enough You Are Bound To Be Right : )
For those of you who have rode this great bull market in oil and oil related stocks I say
great job on massive profits!
What I also say however is that all good things come to an end and with the vast majority of investors extreme bullishness on oil stocks it is starting to look like 1980-1981 all over again.
In case you are to young, take a look back at the late 70's and early 80's and you will see a very eerie resemblance to now.
great job on massive profits!
What I also say however is that all good things come to an end and with the vast majority of investors extreme bullishness on oil stocks it is starting to look like 1980-1981 all over again.
In case you are to young, take a look back at the late 70's and early 80's and you will see a very eerie resemblance to now.
Thursday, July 19, 2007
Nanotech
How Many Chances Do You Want
Simply Way Over Done
Long Term Perspective On Interest Rates
The Continued Demise of Crude Oil
I realize that we continue to get battered with all the $100 oil opinions, but I continue to stick
with my assessment that the petro complex is in the process of a long term top and the next major move will be DOWN!!
Take a look at the C.O.T. Data:
Big Money is Selling, Selling, Selling
Fund Money are Huge Buyers
Small Traders are Huge Buyers
This all adds up to lower crude oil prices.
with my assessment that the petro complex is in the process of a long term top and the next major move will be DOWN!!
Take a look at the C.O.T. Data:
Big Money is Selling, Selling, Selling
Fund Money are Huge Buyers
Small Traders are Huge Buyers
This all adds up to lower crude oil prices.
Sunday, July 15, 2007
TNH - Thank You!
It was an incredible ride, much higher than I thought it could go in such a short time.
The party however is temporarily over and now I look for a pull back into the low 70's before
I get back in.
The great part is that once this pullback has completed, the rally that will ensue will be even more powerful then what just occurred, so keep a close eye on this one.
The party however is temporarily over and now I look for a pull back into the low 70's before
I get back in.
The great part is that once this pullback has completed, the rally that will ensue will be even more powerful then what just occurred, so keep a close eye on this one.
Get Ready For the Unexpected!! - American Cars Back In Vogue
Pfizer - MRK all over again!!
While Pfizer may appear to most to be in a world of trouble, it is not how it should be viewed.
PFE offers exceptional value at these prices and as I have said before, it is in much the same
position that MRK was before it promptly doubled!!
Not to mention the stock offers a 41/2 % dividend yield.
If PFE decides to dip back into the $22-$23 area, please feel free to buy everything you can get your hands on. Your Children will thank you.
PFE offers exceptional value at these prices and as I have said before, it is in much the same
position that MRK was before it promptly doubled!!
Not to mention the stock offers a 41/2 % dividend yield.
If PFE decides to dip back into the $22-$23 area, please feel free to buy everything you can get your hands on. Your Children will thank you.
MRK - A Lesson To Apply To PFE NOW!!
IndyMac - Accept the GIFT
If you have not been purchasing IndyMac over the last 4 months, then you have been given yet another gift!!
You will look back 18 months from now and be very sorry you did not pick up this powerhouse
company that has NO SUB-PRIME Mortgages!!!
Did I Happen To Mention That IMB Has 54% of Its Stock Sold Short!!!
What will happen when all these short positions have to buy back in??
Can you say EXPLOSION!!!
You will look back 18 months from now and be very sorry you did not pick up this powerhouse
company that has NO SUB-PRIME Mortgages!!!
Did I Happen To Mention That IMB Has 54% of Its Stock Sold Short!!!
What will happen when all these short positions have to buy back in??
Can you say EXPLOSION!!!
Equities Continue to Deteriorate
Just a very quick note on the Equity Markets as a Whole.
Friday was yet another day of distribution by the smart money, so please do not get fooled by
the price action of some indexes.
It is important to note however that the bulk of the distribution by the big money has been
in a hedge type fashion. Which really helps to confirm our outlook for a sharp correction of 8%-15% followed by a hell of a rally.
I am not a bear by any means. I just recognize a market that is very tired and needs some
fear put into the players before it can continue the secular bull market!!
Friday was yet another day of distribution by the smart money, so please do not get fooled by
the price action of some indexes.
It is important to note however that the bulk of the distribution by the big money has been
in a hedge type fashion. Which really helps to confirm our outlook for a sharp correction of 8%-15% followed by a hell of a rally.
I am not a bear by any means. I just recognize a market that is very tired and needs some
fear put into the players before it can continue the secular bull market!!
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