Ag Stocks Dropping Further? ~ market folly

Sunday, October 26, 2008

Ag Stocks Dropping Further?

That's what our buddy UpsideTrader thinks. He recently posted up two charts of Potash (POT) and Monsanto (MON). On POT, he predicts that it will fill the gap all the way down to $40 or so. And, on MON, he has drawn a line in the sand at around $68 and says to get short if the stock breaks down below that level on significant volume.

(click to enlarge)

(click to enlarge)

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