Open Question
Check out the charts in the ag names like POT...it ran up, and pulled back a
solid 10-15%. Looking at the chart it appears the names continues to follows
its trading trend higher...a run up...a pull back and then off to new
highs...lower lows, followed by higher highs...
What do the pickrs think of this analysis of POT's chart?
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Personally believe you can wait until mid next week to get in these names. I am
on the long term bull side in commodities, energy, ag, and oil. HOWEVER, I
BELIEVE OIL WILL SELL OFF HARD NEXT WEEK! I wouldn't go short but I don't
believe this run-up will last past the 4th. This DOES NOT mean I think oil is
done. I still see oil at 165 at least. This just means wait for them to come
back further. Just my two cents.
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ag is not done....i think its got many years of growth ahead..add on pullbacks
and take some off on spikes...check out mos chart its gives bigger swings.
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easy trade around core or just sit back in watch the positive trend
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yep still trending higher and use the sharp pullbacks to by back in
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Positive to trend higher.
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