Corn short

Quote from BoyPlunger:

Yesterday's high volume spike and today's down drift suggests a decent move down over the next few weeks. (I think candle people call this a hammer or doji or something) this is corn's third attempt at this level in the last few months.
This is statistically a good trade because I'll know in the next couple days whether it'll work (that's called a time stop) and don't have much risk as far as price goes to tell me i'm wrong.

So... short some at 418.25. Stop 429. I think the potential is for around 350.
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You have a new fan on this site. (me)

You da man!
 
For what it's worth: I don't think anyone was being disrespectful. More like skeptical of my outrageous claims. I have read some of the commentary and trades made by you guys over time and thought it good.

I'm thinking of taking some of the position off soon but as of now I have the full size and am holding.
 
Just give the boy credit where it's due..
Excellent call!
Kaboom..
fwiw, I have some support here at 374, which if it doesn't hold, takes us to around 348...
 
Quote from SethArb:

ah yes ... ET

a place where

folks who know nothing can go about and tell others

they know everything

:p
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you made me smiling junior.
 
covered and reversed at 365. looks like maybe this is as close as it's going to get to closing the gap from early october. I now think we could bounce up to around the 3.90 to 4.00 area where a tremendous volume traded after the report.
 
Someone asked me over the weekend where things were going. Markets are very fragile at this point in time. There is no telling where we will be in a month.
 
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