sugar anyone?

duard · Jan 30, 2006

Sugar's gone parabolic and could be a fun ride down soon. I was gonna get in today but it looks like it's got one more push higher. We'll see.

acronym · Jan 31, 2006

It may be, how were you going to play it?

5yrtrader · Jan 31, 2006

It sure has been fun on the way up.

http://www.elitetrader.com/vb/showthread.php?s=&postid=911083#post911083

Last sentence of the post. Still long.

marketsurfer · Jan 31, 2006

Quote from 5yrtrader:

It sure has been fun on the way up.

http://www.elitetrader.com/vb/showthread.php?s=&postid=911083#post911083

Last sentence of the post. Still long.

the trend following turtle group wrote an article on sugar several days ago...... sure seems like a good time to start looking for shorts.

Buy1Sell2 · Jan 31, 2006

Short term there may be a shorting opportunity. Long term we'll see 60 to 70 cents.

duard · Jan 31, 2006

Many others I quizzed say major bull as well with other targets 30 - 40 cents. I guess a pullback entry would be nice. For now I'm looking at a pullback in many of the currently stretched commodities.

duard · Feb 1, 2006

Uptrend intact no longer than 2 down days since Nov. 05' and no significant downdraft for year(s) -- since 2/03 through 2/04.

Free Thinker · Feb 1, 2006

Quote from marketsurfer:

the trend following turtle group wrote an article on sugar several days ago...... sure seems like a good time to start looking for shorts.

sugar is needed to produce ethanol. hint hint.

5yrtrader · Feb 2, 2006

Quote from duard:

Uptrend intact no longer than 2 down days since Nov. 05' and no significant downdraft for year(s) -- since 2/03 through 2/04.

New highs today. If you think something is going to 30 or 40 and it is at 18, why would you wait for a pull back? Doesn't make sense to me. What if it pulls back from 22 to 20, your entry price is still much worse than if you bought it RIGHT NOW. Products in bull markets tend to go up.

5yr

bebe · Feb 2, 2006

Price is over 3 standard deviations. Nice hammer comming. :-)