Monday, January 26, 2004
Clipped in the corn this morning stopped out at 279.75 so I'm getting short again right now at 279.25. The rally in beans took everything higher but I've got to believe we're headed back down off this resistance. Also short cotton @ 75.45 and it just won't drop. Is it time to invoke the rule that says if it's not going anywhere it's the same as going against. Coffee looked strong all morning. Just waiting for the pullback to get long again. It sure is violent. Also by loosing focus over the weekend I failed to pull the trigger on my short Euro long US and missed a nice move. When I see these, I've got to take them no matter how busy I am. I hate beating myself up later for those missed plums.