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I also have a number of Pattern Signals fired which suggest higher
prices for cotton (attached .gif)
The Wide Range Upside Reversal signal is activated when three conditions
have been satisfied: 1) the low of the day is the lowest low of the last
five, 2) the trading range of the day is the widest range of the last
five, and 3) the close is within the top 25% of the day's range. This
signal typically marks significant intermediate term turning points.
The 90-10 High Continuation signal is fired when the day's trading
closes within the top 10% of the day's range. It tells us that
yesterday's late day move higher is likely to continue on into today.
Bob Hunt
The Pattern Trapper
E-Mail: RHunt@xxxxxxxxxxxxxxxxxx
Web Site: http://www.PatternTrapper.com
Phone: 612-892-5550
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