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are emotions taking over the markets???
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SeniorCitizen
Posted 8/9/2010 18:26 (#1307891 - in reply to #1307558)
Subject: Re: are emotions taking over the markets???


The emotions associated with the wheat story peaked Thursday....now the cbot paper has to digest...lot of shorts covering & profit taking....now the market will seek where support really lies under this market...a rehash of the wheat story will not be the bull impetus at this stage....the downside reactions in wheat allow an opportunity to look at corn & bean ownership & the market will now watch export business & we will see who wants to ride through the report.
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