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Sell Off To The Sleeping Point


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From Haunted By Markets in a chapter entitled, Sell Off To The Sleeping Point I wrote back on June 12, 1997.

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"Over the years, I have had many traders and investors call me and say, "I cannot sleep at night because the futures contracts I am holding are causing me to lose sleep. What can I do?" My answer to those that are, "Sleepless in the Futures Markets" has always been the same. I generally say to them "sell off to the sleeping point." When involved in the futures market keep this in mind. All things are possible. That is why I believe one should trade futures and not use a "buy and hold" strategy. Buy and hold may be a great strategy for stocks but for futures it can be nothing but prolonged agony."

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This morning, the weakest of markets are the ag-markets. Both the CRB Index and the Goldman Sachs index are wallowing in red ink. The losses, however are limited but the fact is, commodities per se are the weak link in early dealing. But also keep in mind that the CRB and the G-S index but a few days ago hit a 20 and 19 year low respectively.


Drop me a line at commodityinsite1@gmail.com. Or, call me at 406 682 5010.


The time is 9:37 a.m. Chicago



This material has been prepared by a sales or trading employee or agent of Midwest Market Solutions and is, or is in the nature of, a solicitation. This material is not a research report prepared by Midwest Market Solutionss Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.


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The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Midwest Market Solutions believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice.There is no guarantee that the advice we give will result in profitable trades.







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About the author


Jerry Welch has been in the futures industry since the late 1970's and is a true veteran of the markets. He has been quoted often in Wall Street Journal and is author of Commodity Insite, one of the longest commodity futures newspaper columns in history. His weekly column has been published each week since the mid 1980's and is one of the most recognized names in the world of commodities.

Mr. Welch is also known widely as a, "so so" flyfisherman.  

His column is published by the Illinois Agri News in La Salle, Illinois, Cattle Today, in Fayette, Alabama as well as Consensus, in Kansas City, Kansas.

He can be contacted at 406.682.5010 for a view of his, "twice a day" market column that includes price forecasts and trading suggestions.

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