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| My bet is these extended/overbought markets will keep extending. My reason, in part, is the reverse of conventional thinking at this time.
As always, only a bet. Being cocksure is a good way to take a beating from the markets.
Ho hum I may be wrong and be flexible and reverse your position is the best psychology for trading.
The so-called fundamentals (famous trader calls them the funnymentals) can make you too sure and stubbornly ride a losing position.
The corn and bean markets are definitely primed and cocked for a pullback but at near historic highs we are in a non-typical trading world.
My bet is we will see new all-time-highs for corn and beans.
When you say the markets gotta do such and such you are setting yourself up for a licking.
Don | |
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Market Pullback:
