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In my opinion Wheat is near a bottom. When commodities go to lows not seen
in many years it alerts me to look at a counter trend trade (long). Wheat
appears to be trading on 30/60 year cycles. The 30 year low was on July 28,
1969. The 60 year low occurred on July 24, 1969. W.D. Gann used 30/60/90
year cycles successfully to nail highs and lows to the day. Happy trading.
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: Real Traders Forum <realtraders@xxxxxxxxxxxx>
Date: Thursday, July 15, 1999 10:38 AM
Subject: Gen: Trend and Lunar Phases
>Isn't it interesting how it is better to buy the SP with the trend whether
>there is a full or a new moon. Strangely the same thing has worked with
>wheat for the duration of the recent contracts only the trend is down.
>Novice traders are always looking for a chance to go against the trend for
>that big killing. I know I spent enough time trying to do it myself.
>
>Brent
>
>
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