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Walt Downs wrote:
> For now, I am playing with Coffee.
>
>
> Walt Downs
> CIS Trading
Ouch! No wonder McDonalds had to lower their coffee temperature. :)
As I write this, I notice that coffee has made lower lows and is now
trading around 167.50 and is dropping fast.
No doubt the shorts are singing right now. Anyway, I thought I'd take a
look at coffee since I saw Walt's post, and see if I must have
overlooked an Fdate. No, none for today.
My cycle analysis shows however that today is indeed a CIT day. I'd have
to agree on this short term evidence that Walt's TIME mark for today is
shaping up. The PRICE mark?
However, if the CTI indeed occurs as I expect it will, the probability
is high that it will not last more than 2 to 3 days (9/19?). Then we
would be seeing the market retrace a bit before starting back up again
on 9/24. If this transpires, I'd be looking to consider buying calls
myself (if volatility is low).
Since Walt has brought his HOT coffee to our attention (one each,
please), I wish to point out that my analysis indicates we can expect
the start of this move in Coffee to be on 9/24. TIME DATE !!!!!
Thank you Walt for bringing this market to our attention.
cheers!
:)
rick
PS:Who will TIME MARK this post? :)
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