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February 28, 2023

Via the media, market tops NEVER make sense. They are virtually NEVER accompanied by some specific news item or event that sends an obvious “Sell now!” signal to the trading masses (producers, users, analysts, speculators, etc.), but rather, sooner or later bull markets start down simply because EVERYBODY IS LONG…usually up to their gills…and the only next move for all those people can make is to sell, whether it be futures positions or the actual product.

And so I will say it again…I have seen a 1000 bull markets stop dead, literally off no news whatsoever, and literally from one trading day to the next, just suddenly start going in the tank…and then just keep going, and going and going as analysts keep talking about “bullish fundamentals”, and “the next support,” and “now oversold’, and at its “such and such moving average,” and so on…basically just dwelling on the same stale, totally-known-by-all, bullish story that they have trumpeted for months, with no suggestion whatsoever that, “Hey! The bull market is OVER and we are going down a LONG, LONG, LONG way from here, and for a LONG, LONG time, as that IS the norm in the futures markets.” No. In my experience, that is not what you are EVER going to hear as, especially right now, when one of these quite TYPICAL collapses is only just getting started.

In the past 5 days, off ZERO NEWS, Soybeans have dropped about 70 cents and Corn about 50 cents, and I don’t think it gets any more classic than this.

And yeah I have been calling for this for months…to the extent that probably 90% of the people reading this have decided I am an idiot (which I understand)…which makes it nearly impossible to get you guys back on this…which IS what I am trying to do here…which DOES have me knowing  that two to three months from now I will probably be hearing a whole lot of, “You were right. What a hit that was. Wish I had stuck with you.” And there is nothing I hate more…

So all I can say here is, DO UNDERSTAND THAT $15.00 SOYBEANS AND $6.50 CORN ARE A SALE…and that hopefully 3-6 months from now you will be looking back and saying, “Yep. What a trade!”

And if you do agree, don’t be thinking, “I’ll sell it when it rallies again,” which I promise you, is what a gazillion farmers, who are sitting on enormous quantities of UNSOLD Corn and Soybeans are thinking/hoping right now…and if history is any guide at all, they won’t get that chance…which is precisely why the majority of those 50 years of charts I’ve shown you DO GO RELATIVELY STRAIGHT, STRAIGHT DOWN…as more and more farmers watch money in-the-bin DISAPPEAR…thus leading to more and more selling…And yeah, I keep making that point but that IS how this shit works.

Get on now.

 

 
I absolutely recommend doing both as a $2278 “unit.”
And there are lots of ways to do this…with more leverage and/or more time. Give me a call if  you want to know more.

And I cannot emphasize it enough…Do it NOW.

Thanks,

Bill

770-425-7241

866-578-1001

All option prices in this newsletter include all fees and commissions. All charts, unless otherwise noted, are by Aspen Graphics and CRB.

The author of this piece currently trades for his own account and has a financial interest in the following derivative products mentioned within: Soybeans, Corn
 

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