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I believe it's likely that sugar has put in lows but has not yet based enough to
move agressively higher. Chart suggests that probabilities are on long side once
the pivot low at 9.70 is tested. A failure to hold 9.70 and then take out the
previous pivot high at 10.20 would change my mind. See attached gif for play by
play details.
Earl
-----Original Message-----
From: Arnold Thompson <arnoldt@xxxxxxxxxxxxxx>
To: Alan Sears <asears@xxxxxxxx>
Cc: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, April 02, 1998 7:41 PM
Subject: Re: FUTR: Sugar
>Well Sugar retreated today to a level that stopped me out at 9.89. I am
>now uncertain. A 3 wave rise is evident. The retracement was too deep
>for me to see this last wave as impulsive. Any opinions???????
>
Attachment Converted: "c:\eudora\attach\SUGAR4.gif"
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