Monday, November 24, 2008

Weak Ags

Weak Ags: POT -1%, CF -1%, TRA +0%, MON +4%, SQM +5%
Strong(er) ags: IPI +10%, OS +9%, ADM +7.5%

This sector could not sustain a broad rally during today's bullish session. Makes me think that they have much lower to go. ADM has almost doubled from its bottom, it is looking rip for a short. However, I will wait for signs of weakness to show before I short.

Ideal short entry would be a break above 27, followed by a rejection.