Have you seen a chart of sugar lately? Based on price action you might expect the world to lapse into a diabetic coma. Check this:
Apparently, there is a shortage in one of the great sugar consuming countries – India – and that has sent this market parabolic.
As they (meaning I) say, parabolic up, parabolic down. When this thing finally cracks, and don;t try to pick the top, it might be a nice zip line to ride down the mountain.
For you fundamental types, we are short Hershey in Quick Takes Pro. They use a lot of sugar, don’t they? And we found it based on its own chart!
OK, technicals still work on individual stocks.
