Tuesday, August 17, 2010

Chart of the day is.....

....wheat, daily candles. It also provides useful guidelines for future trades by explaining a connection between the markets and journalism

When a second-line, online only media source makes a big fuss of a markets related story, for example Global Post on August 16th....

Russia: Fires scorch wheat crop

Loss of 25 percent of Russian wheat crop worries international grain markets.

.....you can bet your hide that the issue has already been factored in by the market:

Ham on ryes served. The end.