Every trader has a bad streak where they see a market one way no matter what the signals and technials tell him. Many on the floor right now have tried to catch falling daggers in the past couple of weeks feeling the bull market is real only to find out a bull market can exist with violent downside moves. The market is due for a violent downside move so with crude and the Euro getting hammered early watch out for mass liquidation heading into the weekend acros the Agriculture sector.

This entry was posted on Friday, June 12th, 2009 at 9:27 am and is filed under Grains. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.