Jan

2

Grains, from Jeff Watson

January 2, 2014 |

We're off to a rollicking start for the grains in the new year. The form still hasn't changed and so far one can still sell strength with impunity. How long it will last is anyone's guess, since I'm loathe to pick tops or bottoms, or to even try to predict what these crazy markets are doing. This form has lasted for months, but I've seen it go this way for years back in the 80s-90s. Prediction and prognostication is way above my pay grade. I'm still at the observation stage, where I see what is happening and trade according to my rules. I've always been that way, trading within my rules, and that defines my comfort zone. It's also my downfall as I could probably be remembered as a great like Cutten and not a bivalve filtering up detritus in the brackish waters inland.


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