On May 7th, I posted the following here:

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Friends and Traders
TR: Don't forget - 5/5 and 5/7 in Coffee
Posted By: Rick R. (vendor - ProfitMaxTrading.com)
Date: Friday, 7 May 2004, at 9:15 p.m.

After forecasting that a weekly swing bottom would form for week 4/30, and it has, I also noted that 5/5 would put in a daily swing top and that 5/7 would put in a daily swing bottom.

5/5 put in a daily swing top, and so I am not expecting 5/7 to put in a daily swing bottom.

To take advantage of what I'm expecting and have called in advance, I sold July Coffee 67 Puts at 150 first thing this morning rather than straight futures long. However, I do believe that going long Coffee on Monday is a good play against today's low.

Disclaimer: This is just my opinion folks and not a recommendation for you to buy or sell anything. Know that trading is risky and that past performance is not indicative of future results. Yes, you can lose money trading.
Have a great weekend!
:-)
-R

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The chart below shows the results of this outlook.

:)
-R