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Re: soybean/Wayne

Yes those pull backs to major support being the breakout pt above the Nov high are what I prefer to buy as price is then at a discount and at a proven support level. And on a breakdown you know exactly when and where to get out if it fails at support. Those are my favourite buy set ups. Most seem to like breakouts on the upside. Amazing how many breakouts don't hold up as many upside breakouts are nothing more than short covering kicking in on their stops above resistance and sucking longs in that think its fresh buying. So in a day or so it fails and plunges back below trapping shocked longs. Then there is even more resistance at that failed breakout pt with desperate longs waiting to break even on a rally back there so they can bail out.

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Re: soybean/Wayne