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THE WINDY CITY TRADER
P.O. Box 1673, Chicago, Illinois
800-443-2360

(March 19, 2002) COFFEE: Wether it is going higher or dropping, this complex leaves no stone (or should I say stop loss) unturned. May coffee took off from 4800 to 5780 in 3 days. After trying to hold over 5400 for a few sessions, the bottom fell out yesterday and futures flushed to 5140. Now, a drop to at least the gap at 4985 looks to be taken out as well as numerous stops below 5000. A pull back to 4800 offers another chance to get long if you missed the first go around.

William Frejlich

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