Sunday, July 19, 2009

Soybeans Analysis




If this is correct which I believe it is, beans are getting ready for a big decline- a classic wave 3 of 3 Pattern

Any print below 957.50 (A high) will confirm that the move from 680.75 has been corrective. AB=CD at 318.50...Gulp! Not sure that level is in the cards (not sure it isn't either), but the 61.8% comes in around 655, which would be considered a minimum level to look for.

Excellent short I believe..

MAYBE TRADE OF THE YEAR RIGHT HERE!!!!!!!!!!!!!!!!!!!

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