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Since I saved a .gif file (see the attached .gif file) to show my results;
I'm forwarding this onto the forum. My interpretation of the Gann Fans is
that wheat is above the 45* angle of the blue fan but just barely. Its a
mixed picture at the moment but with the obvious down trend I'd be going
short with any new lows. A change in trend would require a move above the
highest channel line. Mondays upward move suggests caution to the downside
but the trend is still intact.
Note: If you follow the Magenta (pink) fan line that I marked with an red
arrow you will see how the price reacted each time it got close to this line
or the other lines for that matter. Brent
Attachment Converted: "c:\eudora\attach\GannFan.gif"
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