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Ask Murrey Math. Maybe he has a prediction.
Richard Estes
-----Original Message-----
From: Thurl C Van Kirk <tvk2@xxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Monday, August 11, 1997 9:46 PM
Subject: Wheat--Pick your poison
>What's it gonna do? Very interesting. Dec Wheat sits on 378.6 today. It
>has had six-mo low 335.00; six-mo high 473. Resistance points 392.97
>& 410.44.
>Support long term 361.41. Med term 365.65 & 367.65. Short term 377.00 &
>376.64. That's really sitting in there real nice and cozy. Normally, it
> looks like a BUY AT 379 with a possible pickup of 13 points. Not too
>exciting. If it falls 10 points, then a possible vertical Call spread
>might be attractive. Buy the Dec 360 Call; Sell the Dec 400 Call
>limited loss--bullish market. But let's not overlook a sneaky little
>gap in the ointment back there a couple weeks ago-- never been filled at
>355.00. So, whatcha gonna do? Huh? Well, sports fans, I'm not going to
>predict a damn thing. I shall let the wheat play it's own little game
>during the next two days of crystal ball reports, and then I'll react to
>the situation. Just exercising a little caution before I play again.
>T.C.
>
>
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