|
PureBytes Links
Trading Reference Links
|
Monday closed near the high. If Monday's low holds today, we are setup for a
.682 failure thrust to 8.54 which coincides in price and time with the upper
boundry of the linear regression channel. If the thrust fails at that area, the
ensuing decline could be expected to take out the previous lows and establish a
new low around 7.17. My CC charts have now rolled into October.
Earl
-----Original Message-----
From: G.John Boggio <boggio@xxxxxxxxx>
To: eadamy@xxxxxxxxxx <eadamy@xxxxxxxxxx>; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
Date: Monday, June 22, 1998 6:51 AM
Subject: Re: Oct Sugar
> Using Symmetry Wave, my cursory look at some of the attached charts sent
>by other members would indicate that the 8.50 level area would be a
>potentially better level to go short this market with a protective stop set
>at approximately 8.80.
>
>At 03:05 PM 6/20/98 -0600, Earl Adamy wrote:
>>An alternative short would involve a continuation of the rally to the 8.50
>area
>>followed by a decline into the 7.50-7.30 area. Given the inside day on
>Friday, I
>>think this scenario has a slightly higher probability.
>>
>>Earl
>>
>>-----Original Message-----
>>From: Earl Adamy <eadamy@xxxxxxxxxx>
>>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>>Date: Saturday, June 20, 1998 8:50 AM
>>Subject: Re: Oct Sugar
>>
>>
>>>With all of this agreement, I tried to find a reason not to go short and
>didn't
>>>find it. Even checked to see if the sugar pit has a habit of running to low
>>then
>>>to high to clear orders and didn't find evidence. The only negative is that
>>it's
>>>trying to pop above the wave 1 Bear Channel. I like the fact that volume was
>>>heavy into the last low so we probably haven't shaken out yet. Of course
>with
>>>inside day on Friday, it could continue moving up.
>>>
>>>Note chart is a CC chart with July still active - won't roll into October
>until
>>>Monday.
>>>
>>>Earl
>>>-----Original Message-----
>>>From: Alan Sears <asears@xxxxxxxx>
>>>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>>>Date: Friday, June 19, 1998 7:25 PM
>>>Subject: Oct Sugar
>>>
>>>>Looks like a nice setup for a short trade in Oct sugar ?
|