http://www.guerillastocktrading.com/technical-analysis/predicatable-seasonal-... We ended up being in the top-notch expert crowd over six weeks ago and we decided to buy into this market when the institutional investors did because of their multi-million dollar, fly on an airline an expert anywhere, research divisions.
Five weeks after we bought, the headlines began surging in, "Severe Russian drought forces grain export ban - Moscow, Russia (CNN) -- As Russia reels from the worst drought in nearly 40 years ..." and "Wheat Price Jump Revives Concern Over Food Crisis, Asia's Top Buyer Says (Bloomberg)"
The wheat market is the most favored market in the world at this time on account of a critical drought in Russia. But how did we know to buy wheat so many weeks ago? Did we need to go on an airline to Russia? Are we an insider on the wheat market and thus we knew that demand was going to go up?
Absolutely no. I'm going to demonstrate to you a cool technology I personally use that offered me a "go long" wheat alert around six weeks ago. Wheat was trading at $5.17 in those days. It is now trading in excess of $8.00 a bushel.
@EconomicCrisisReview Yes, buy on rumor sell on news but, rumor may turn out to be false and then you buy high and sell low. Rather than buying on rumor, buy on technical analysis. Buy what institutions are buying when they are buying it and throw both rumor and news in the back seat.
StockTradingMaster 1 year ago
Perfect example of buy the rumor sell the fact.
EconomicCrisisReview 1 year ago