Cotton Chart For July 2016
Eric De Groot | Jul 28, 2016 02:05AM ET
Cotton (via iPath Bloomberg Cotton Subindex Total Return Exp 24 Jun 2038 (NYSE:BAL)):
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.
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