Monday, May 19, 2008

Soybeans - Remain Short!

Soybeans sent a double negative today with a crossing of the slow stochastics and also a trend termination and reversal candlestick pattern.

I continue to look for the beans to fall out of bed and the set up for sharply lower prices seems to be right on the front door step.

Keep your shorts in place with a flat $750 stop loss from your entry price.

No comments:

Trend Analysis LLC Headline Animator