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Stig Olausson wrote:
> sugar.
> OCTOBER SUGAR
> A chart on October sugar reveals a lot of interesting things (luckily for
> some of you I don't know how to make a gif file, so you have to live
> without a chart (and save some diskspace)).
>
> PRICE:
> Yesterday we ended a parabolic fall. Right at the lower support line
> starting jan 16, 1996.
> This was also the bottom of the rising wedge it broke out of sep 15 –97.
> Hence the objective fullfilled.
> The low is also at an important bottom July 15.
> This low is also at the 61,8% retracement of the rise from Feb 4 –97
> It is also the 38,2% retracement of the rise from Jan 16 –96
>
> TIME:
> A 10% swingchart in dynamic Trader with Tops Bottoms since 1992 shows a
> tremendous concentration of clusters at Sep 23,24,25 (the routin works like
> the D-cycle studies in Nature's Pulse) indicating trend change).
>
> Using accordion, matching tops and bottoms with yesterdays bottom(?) shows
> too many coincidences to mention. Which indicates we have trendchange both
> on longterm level and medium term level.
>
> Yesterday opened lower than the day before with a fairly wide range during
> the day, with a lower low than the day before.
> However the day ended with what could be regarded as close to a grave yard
> doji, with a close higher than the opening.(Bullish) (Didn't Nison say:
> Dojis live only on the ground (Bottoms))
>
> A very low risk trade with high possible reward.
Stig,
So, are you saying we should go Long, or go short ? :)
Mid- term trend could be considered as "down", and long-term, "up".
Walt
CIS Trading
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