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Walt Downs wrote:
> At any rate, it is an interesting trade. I would like to point out
> that , right now, I am in the game. The Fib and Gannies
> are sitting on the sidelines saying "Watch that duck go! "
> :)
>
> Walt Downs
> CIS Trading
> http://www.cistrader.com
You got that right, duckie. :)
This Fibbergannie (I hereby coin the phrase...TIME STAMP!) :) is indeed
going to wait.
:)
rick
Greetings Traders!
Remember this post back on Tue 9/16? This was the reply to the post I
am now forwarding to the list. Purpose: To validate the premise that
Fibogannie trading when properly used (and understood) can provide you
with very important information.
As you'll note in the following forwarded post of last Tuesday, I
mentioned that I agreed to the assessment of a CIT for that day, but
also said it will give out in a couple of days. Well, it did. So far,
the duck has gone nowhere as expected. Now we will start looking. Read
the post again if you forgot. Most would have been stopped out with a
loss had they entered on Tuesday. Entry was which was pre-mature.
Now follows that post. Cheers!
--
FutureSoft Publishing - The Trading Calculators (TTC)
Market Forecast Of The Week - >>>>> http://FSoftPublishing.com <<<<<
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Date: Tue, 16 Sep 1997 10:50:26 -0700
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From: RJ Ratchford <ricrat@xxxxxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Walt's Hot Coffee
References: <341EADA1.1154@xxxxxxxxxxxx>
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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? :)
--
FutureSoft Publishing - The Trading Calculators (TTC)
Market Forecast Of The Week - >>>>> http://FSoftPublishing.com <<<<<
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