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| we had a weekly reversal to the downside breaking an up trending slope yesterday, if we get confirmation lower today, Katie bar the door, its over for wheat. Over night looked like a rebound which is very very important as the bulls and the bear duke it out. Good bulls don't behave like this after getting bullish news of Egypt buying yesterday and closing down hard, so be on the watch and it could eventually spill over into the other complexes signaling intermediate tops in the markets.
I said Monday morning on another thread, me is getting very nervous and be on alert! All it takes is for one to spoil the party and have the cops raid the joint and send all the bulls out the straight and narrow door! | |
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Boy, wheat had better behave today!!!
