|
PureBytes Links
Trading Reference Links
|
Dennis,
Wheat has taken out all the lows made prior to March 11th when I made
my post to the forum. March is an important month for yearly bottoms
on Wheat and January is definitely not. That is why a very defensive
position if you are long should be taken, .eg stops below yesterdays
low and look to reverse to the short side on first sign of weakness
in this case a 50% retracement.
I am still looking for Wheat to retest the double bottom made so far.
What a blessing it would be if we get a triple bottom. If that's
the case then we should see a strong move up!!
Based on planetary seasonality Coffee is unlikely to make a monthly
bottom if one is expected until at least next week because this week
has got a very unusually low count of monthly bottoms(next to nothing)
based on heliocentric Mercury 30 degree seasonal cycle.
Clement
Dennis Peterson wrote:
>
> Trevor,
>
> If WK turns up before it takes out its previous two day swing low then I
> will be looking to enter long. Please see attached Chart.
>
> Dennis
>
> De Vries, Trevor wrote:
> >
> > R'Ters
> >
> > Any views on the above contract. Looks bullish to me, although it would have
> > to break i'ts trading range to convince me of the longer term trend.
> >
> > Regards
> >
> > Trevor De Vries
>
> --
> MIG's MARKETS: http://homepage.macomb.com/~mig/mig.htm
>
> ---------------------------------------------------------------
> [Image]
|