Posted by frtaylor on 13th of Sep 2012 at 11:26 am
Bought a little ADM at 26.85. Bounced almost to the penny
off the 9ema (26.75). 20ma also right there at 26.69.
Stop at 26.45. This is a volatility squeeze trade idea
from Dan Fitzpatrick. Theoretically this pullback is "phase
II" of a volatility squeeze, w/ higher prices now expected.
We'll see. Lots riding on Bernanke.
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ADM long based on daily chart
Posted by frtaylor on 13th of Sep 2012 at 11:26 am
Bought a little ADM at 26.85. Bounced almost to the penny off the 9ema (26.75). 20ma also right there at 26.69. Stop at 26.45. This is a volatility squeeze trade idea from Dan Fitzpatrick. Theoretically this pullback is "phase II" of a volatility squeeze, w/ higher prices now expected. We'll see. Lots riding on Bernanke.