Long Natural Gas at $11.42. Price now is $11.25 - may go lower before regaining it’s upward trend.

Time to loosen up and catch up with the kids since it’s Friday night.

Closed Long position today at $1388.25 after making a high of $1402.00. My gain is :-

1319.00 - 1388.25 = 69.25/0.25 X $12.50 = $3462.50

Very good for a one day position - YEAH!!

Just three months after the snowstorm that hit China on February, disaster is in the headlines again with the latest earthquake measuring 7.9 magnitude on Monday, in Sichuan. Death toll is currently at more than 22,000 with thousands of people still missing or buried under rubbles.

The worst disaster in China’s 30 years of history, aftershocks of 5.5 magnitude and strong tremors are being experienced and expected to be felt for the next two months.

With the spate of disasters befalling China, can this year of the Rat be bad fengshui to hold the Olympics? Considering the amount of money and resources spent on building the Olympics Stadium not to mention the world-class infrastructure just to cater to the number of people expected to flood into China during this event, any more bad news will spell disaster to China.

The number 8 is believed to be auspicious and good-luck to the Chinese. The date fixed for the Olympics is 8/8/2008 ~ very auspicious number ~ however, it also falls in the 7th month of the Chinese Calender which is the “Ghost Month” when the souls of the dead are believed to come out for one month. The elderly chinese believe in restraining activities such as swimming, house-shifting and wedding during the Ghost Month to avoid any untoward incidents. Why did the Chinese Government choose 8/8/2008 to begin the Olympics when it falls during the Ghost Month?

A rather scarry and unbelievable thing to think of, BUT is the Olympics Beijing 2008 destined for doom?

Soybean made a retreat today of more than $65 today.  Took the opportunity and went Long SN8 at $1319.00 after touching a low of $1311 and since it was already 12.45 am and I felt quite comfortable with my entry, I keyed in $1357 which I saw as a resistence and went to bed.

So happy when I checked in the morning to see that it’s trading at $1360 .  However, my sell order was not done because it was off trading session.

Corn is trading below the 21EMA and is at the bottom of the bollinger band.  MACD is down steep, waiting for the right time to buy.

I always look into 1 day price action and 5 day price action to confirm the right time to buy.  Looks good when I entered Long position at 596.50 , but still nervouse and not very confident of my trade.

Luck is with me again today when I managed to sell at 601.50 giving me a gain of $250.

Ha ha ha!!