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Even if you are not interested in Soybean Meal, perhaps there are some of
the tools I have used to look at SM could be of use to somebidy in the
futere, so ill share a few things more.
1 Long term:Check the gann.gif. Here we can see that in the October
contract. Did we see a breakout of triangle ABC in October 91? Which we
now are testing at a level 160 which we have winessed being
support/resistance 5 times before. Or is this the fourth atack on the
supportline? Hmmmm The AB line increases support.
Short term check the gif in next mail: Here we see how the low that did not
hold in the May contract really held in both July and Oct. Please also
notice the tops in the different charts. This is as a divergence that
indicates a bottom.
Please also note the volume in the May controct. I can't remember where I
read it, he/she said that the high volume at a selloff often comes the day
BEFORE the bottom. (4/29=17808 and 4/30=2628!)
I olso forgot to mention that Taucher in Supertraders Almanac has an
aniversary index, since Gann says that price has a tendency to have a
low/high on the same dates. His aniversary index for lows for April is the
30th!! Total index for H/L is also the 30th.
So with a FND, Low index and sesonal index starting up on the 30th for SMV
+ long time support at 160 + Spiral coincidences + Astronomical
coincidences + short time divergences + short time oscillator divergences
to price. what do we do?
Is more better? I don't know, perhaps a quick system would have given the
same result and quicker.
But this was fun!
Lets see if it's rewarding as well...
Someone said. Trading is like joining the army. It's easy to get in, the
problem is to get out.
regards
stig
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