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I have been working on LONGER term systems and indicators
which seem to indicate that "investments" in commodities may
in fact yield better profits than "trading" of commodities.
The attached is a picture of some initial work on the system and
indicator for cotton.
Although the system is LONG at the present time I would
suggest you compare the behavior in the two yellow circles
before you jump in feet first -- might be better to wait for
a breakout and a true reversal of this very, very, longterm
downtrend.
Clyde
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
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----- Original Message -----
From: "Bob Hunt" <RHunt.066@xxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, April 13, 2000 08:03
Subject: [RT] Re: cotton
> 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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