Monday, November 16, 2009
Sugar and OJ
Wow these commodities have been on fire. Sugar has double since January and Orange Juice is up 68%.
WOW
WOW
Something interesting
Alot of people are looking for a top but this is dangerous. This morning on CNBC Gartman proclaimed he is out of the market because last month at lower levels they thought stocks were overpriced. The point here is that's why the volume is low because the smarter guys believe prices are such.
For all my years trading I have learnt not to look for the exact bottom or the exact top IF you believe we are close to a bottom or top stay out till be get the turning point and confirmation there will be alot of time to profit from a reversal.
Good trading today folks and I would be shorting this gap up at least for a trade.
MARKETJEDI
For all my years trading I have learnt not to look for the exact bottom or the exact top IF you believe we are close to a bottom or top stay out till be get the turning point and confirmation there will be alot of time to profit from a reversal.
Good trading today folks and I would be shorting this gap up at least for a trade.
MARKETJEDI
Gold
Gold is again making new high- Seems like the folks who want 1500 on Gold will get it, who knows!
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