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For more on C see the attached. The Gann S&R lines
are a fairly good guideline for evaluating the extent
of moves on weekly charts.
This analysis uses a shorter time period to pick
peaks (26 weeks) than the prior weekly studies.
I would say things are pretty "touchy" here for any
more downside movement given recent history.
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 Heisler" <bheisler@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, July 03, 2000 07:33
Subject: [RT] Re: corn and the market
> I don't believe that was the point Ira was trying to make.
>
> Bob
>
> -----Original Message-----
> From: Kent Rollins <kentr@xxxxxxxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
> Date: Sunday, July 02, 2000 11:16 PM
> Subject: [RT] Re: corn and the market
>
>
> >You only cite 2 instances here. And '87 was defintely a crash, but
it
> >wasn't followed by an increase in inflation. From a purely
statistical
> >standpoint, you could make a better argument for linkage between the
> >performance of a sports team or league and the equity markets. There
might
> >be a correlation, but more than 2 occurences over a 30 year period
are
> >required to reinforce the argument in the absence of a fundamental
> >explanation.
> >
> >Kent
> >
> >
> >-----Original Message-----
> >From: Ira Tunik <ist@xxxxxx>
> >To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
> >Date: Sunday, July 02, 2000 11:56 PM
> >Subject: [RT] corn and the market
> >
> >
> >I have seen in this group many different correlation's of the sun,
> >planets, time lines, volume, ADX and other indicators with the
> >performance of the various indexes. Has anyone looked at corn? If
you
> >back test and fit, will you find that the low of 112 in the early
70s,
> >pre-inflation, the low of 150 in 1987, pre-crash, and the upcoming
low
> >have any relationship to an upcoming run of inflation or market
crash.
> >If you are looking for reasons for the market to go one way or
another,
> >there is always something that will reinforce your opinion. It is
best
> >not to have an opinion when you trade and if you are in doubt, exit
the
> >positions, and look at the situation with an unbiased view. Most
> >traders get into the worst trouble when they try to defend a position
> >they have taken. Initial stops help, mental stops are the worst.
Have
> >a good week end. Ira.
> >
> >
> >
> >
> >
> >
>
>
>
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