Home > Commodities and Rates, Short-Term Trader > Cotton Candy, If You’ve Been Short

Cotton Candy, If You’ve Been Short

November 22, 2010 Leave a comment Go to comments

On November 10th, I highlighted my opinion that the Cotton party might be over and a sharp 15-20% correction was in the cards. Indeed, Cotton has gotten blasted by 23% as of this morning in only 9 trading sessions. Limit down has become a daily event. As we are approaching the 50% retracement mark from the July trough and 50 day ema/sma, it wouldn’t be  a bad time to ring the register if you were fortunate enough to catch this monster short.

Cotton candy

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