Good Mouring,
Jeff did you see what happen in cotton yesterday compared to my S/R numbers.
Opened at 48.95-I said buy if opened under close of day before and buy 48.90. Well as usual, the market does what it wants. Said it would go to 49.48,and it only got to 49.45. Missed it 3 points. Here are todays S/R in Dec. Cotton.
Resistance
1st-49.96
2nd-50.00
3rd-50.34
4th-50.38
Support
1st-49.18
2nd-49.13
3rd-49.00
4th-48.78
5th-47.84-If it goes back to here its checking deep support and shaking out week longs. would like to see it open below 48.18-would buy 48.25 and get out at 49.96 and put stop after I'm in at 48.15. It might gap up to a new high and come down today. Remember protect your profits and if you don't know whats happening, don't do anything. Don