Re: [RT] Cotton/ Copper

["Don Ewers" <dbewers@xxxxxxxxxxxxx>]

Norm,
Well, you will like what AGET daily chart shows today as of the close, a
"little" 1-2-3 up.

The 60min count indicating another low is possible is near a extreme wave 4
point (.618) also, so the count could change favorably in your direction if
prices move higher?

If you look at the wave 3 on the daily (July), that is where I made my
"stab" at a long (thinking it was a wave 5 at the time), assuming the rise
in late April/May was wave 4 (even though the 5/35 oscillator did not get to
zero). I should have listened to the oscillator (and maybe your late summer
low prediction at the time)?

Thanks for the interesting info on the S.A. cotton connection.  Like
soybeans, the increased supply can distort things (I was thinking China).
Down the road these "other" countries need to be factored into our trading
somehow?

Hope the AGET charts help solidify your position and a move above that .786
on the 60min would be good for you.  Note the  10/70 oscillator is just
above zero, so nearing a critical time if a reversal were to occur.

Me, I will try to find a wave 2 pullback (real one vs one "initially" shown
on the daily) when it occurs.  I like that "higher-high , higher-low stuff".
good luck and good trading cotton,
don ewers

Good luck.
don ewers

----- Original Message -----
From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 13, 2001 5:28 PM
Subject: Re: [RT] Cotton/ Copper


> Don,
>
>   My cotton friends tell me that Brazil is producing Cotton for a cost of
> about 35 cents. US farmers need 50 cents.  That means the true cost to the
> market is probably somewhere in between the two. I don't think anyone will
> be growing cotton under 30 cents unless they have a govt. subsidy. Of
course
> if demands picks up, and retail numbers just improved today, its a whole
new
> ball game.
>
> Cheers,
>
> Norman
> ----- Original Message -----
> From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, November 13, 2001 5:58 PM
> Subject: [RT] Cotton/ Copper
>
>
> > Does anyone on the list know why cotton has traded "so far below"
> historical
> > levels "fundamentally?
> >
> > Is it the slower economy or new world production (China?) similar to
> > soybeans (South America) that has caused this severe price drop to
happen?
> >
> > Has something "fundamentally changed" or just an oversold market swing?
> > These types of drops normally play heck with the charts indicating
> something
> > else is "in control"?
> >
> > Further if indeed cotton and copper may have bottomed (any others ?),
the
> > "I" word will start to appear soon?
> >
> > Whats next coffee which is also at historic lows (see chart)?
> > don ewers
> >
> >
> >
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