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aaudette wrote:
>
> IMHO, a wave count on the weekly charts of December Hogs, show a
> three wave correction completing on 10/24 and the beginning of a new
> up trend.
> It will be interesting to see how this plays out
>
> ----------
> > From: Arnold Thompson <arnoldt@xxxxxxxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Re: FUTR--Any other Elliott Wavers out there?
> > Date: Wednesday, October 29, 1997 10:53 PM
> Where I would disagree is probably the count. I see the larger
> weekly trend as
> > down. The third leg of a larger bear market completed on 10/20.
> This
> > rebound should be corrective in nature. I am looking at it as a
> fourth
> > wave. The C wave possible starting today with a projected minimum
> price
> > near the .382% fib level of LH Dec 97 64.60. Just an opinion.
NW: I am not suprised that the market chose that time for a turn. On
October 23, the Sun entered Scorpio which is the ruling sign for Hogs.
This only happens once per year. Some call this a "seasonal" cycle.
Pigticularly,
Norman
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