Good Morning,
Well we have seen a long overdue tremor in stocks as per last weeks’ and early this weeks warning about volatility (downward vertical prices) would increase dramatically. I think this is playing out now and I hope you got a chance to hedge your stock portfolio’s.
nasd must make stand 5805. Let’s sell this higher but where? Will NASD give us another extreme sell? I concur. The time has arrived folks.
GRAINS- The olive pattern, is this a bottom? Notice how the downward pressure seems to pause. Use hard stops under over levels if you need a level or idea.
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corn- lows 2.63-ish small bear targets hit and holding, selling can arise under again but Fri close we watch …….$3.66
$9.25 held this bear market in check at olive buy level. WHEAT- I think you take a shot here $4.40
as has played last two days. Run Sun night if.
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DOW JONES- NOTICE HOW THE MARKET PLAYS TRENDLINES. Under means time to get out of the pool, imo.
If you need a level early.
Have a nice weekend.
ARP