bungee market

[mcfarms]

I am laying claim to a new market phrase, The "bungee" market.
After the last few days it is what i think this type of movement should be refered to.
All for now... off to the chiropractor threw my neck out watching the charts......

[mcfarms]

Or maybe the "YOYO" hmmmmmm

[charliep]

Just curious on peoples thoughts about how you price grain in a market like this.

1) Set price targets/sell when achieved?

2) Set time periods when you will market crop and sell some portion of inventory at the price of the day?

3) Run a trailing stop behind current prices as long as the market is heading higher and price some (maybe not all) when triggered?

4) Have technical indicators (technical support areas, moving averages, watch volume/open interest) that you follow?

5) Sell rallies and use the business speculation tools (long futures/calls) to replace?

6) Buy puts on rallies? Sell calls to finance?

[crusher]

I'll figure out my cost of production and rely on my market advisor for sale targets.