Pabst, A few pages/days ago, you were talking about some ATR calculations and Turtles MM techniques. Are you willing to post those thoughts and numbers? - Bernard
I will. Managing some horeshit positions right now. Bought 5 SK 744, L 10 SK, L 10 CN, L 5CK, S 5 SK 780p , S 10 ZB, L 5 Cotton
====================== Pa Prime; Won't stay long here but ; clicked on a long term cotton chart, long term trend is still down. Strange,; $45 area is support /resistance like QQQQ
Murray: I agree. You guys in Memphis should know. IMHO, those lows in the high 40's were a LT bottom. Since I don't THINK CT will get back down there, I'm trying to buy in the lower end of congestion. CT reminds me of Corn before the October breakout. I bought Corn a bit late in the game and still made a ton (I milked some calls for $6,000 each.) Until I'm proven completely wrong I'll continue a long campaign in Corn, Beans and Cotton. For that matter I seek to buy most any commodity on a pullback. I'm going to live or die under the assumption that commodity prices are in the midst of a perma re-value to the upside. I also think that long bond rates are going to increase and that stocks are going to put in place a LT high sometime in the next 4 months. EDIT: That being said I'm working a stop under the market to sell my 5 July CT. I'm long them from 53.37. Still long 10 SK, 10 CN, 5 CK, short 5 SK 780p's, and short 10 ZB. That goodness for the CBOT's reasonable margin policy. This is why I shy away from index trading!
I guess the forward thinking market presumes Chi-town will be snowless by May. Perhaps not, lol. BTW: Everytime I see your screen name I think of King's Gyros at Milwaukee Av and Foster.