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| Of many indicators I use.. most others are technical..a fellow I only know casually [born with way too much money] just called to tell me he was going to buy soybeans tomorrow if today's lows 'were taken out.' While I do not know his exact financial situation, I am pretty sure he has lost millions over the years in futures, in fact over many years I cannot recall his ever making a winning trade. I asked him if he was going to add to an existing position..."No. Going to establish his initial trade tomorrow." Warning #1...there will be more. Thought you fellows ought to know. Of course, in one respect, the odds do favor a win for him. | |
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Indicator No. 1
