Less Is More

November 2, 2001
Dave Landry

Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.

Once again, there’s not much to look at tonight. Remain patient until more
markets set up. Remember, in trading, sometimes less is more.

December lean hogs
(
LHZ1 |
Quote |
Chart |
News |
PowerRating) has now rectaced nearly .618 of its recent
down leg. Watch for a shorting opportunity should it reverse and show some
resumption of its downtrend (i.e. take out its one to two bar lows).