Beruflich Dokumente
Kultur Dokumente
e of “e”
c
“4” a ( IV )
b “c”
“a”
“1”
(I) “2”
A break below 21.78 would probable mean that the bearish
model is in place. (See Next Page)
( II )
-B-
-C-
( III ) (V)
This is the bearish model. Under this scenario, the 25.37
Sugar move completed at the 25.37, on the “rollover” to “5” a
the March ’09 contract. A break below 21.78 should throw over?
trigger a deeper correction that targets the 19.45 c “b”
20.12 zone. It should be a “rapid” move lower. e
“3”
21.78
b d
“4”
( IV ) “a”
“c”
“1” (A)
(I) “2”
( II )
A break above 23.67 would negate this bearish model.
-B-
This remains our long standing count on Sugar. This market is in the latter ( III )
stages of a powerful -C- wave that emerged from a year-long contracting
triangle. The targets for this larger pattern are listed below. Given where the
apex of this triangle lies, it appears that we’re due for a completed wave soon.
However, it still looks like there is one more wave to higher to come.
( IV )
-ABC- Targets:
29.68 :: 261.8% of - A - Wave (linear)
31.47 :: 161.8% of - A - Wave (log scale)
-A- (I)
(C)
(B)
(D) ( II )
( E ) of - B-
(A)
(B) REPRINTED FROM 11/06/09
“1”
“2”
(I)
This report should not be interpreted as investment advice of any kind. This report is technical
commentary only. The author is NOT representing himself as a CTA or CFA or Investment/Trading
Advisor of any kind. This merely reflects the author’s interpretation of technical analysis. The
author may or may not trade in the markets discussed. The author may hold positions opposite of
what may by inferred by this report. The information contained in this commentary is taken from
sources the author believes to be reliable, but it is not guaranteed by the author as to the accuracy
or completeness thereof and is sent to you for information purposes only. Commodity trading
involves risk and is not for everyone.
Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading:
Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND
RISKY BUSINESS. Before you invest any money in futures or options contracts, you should
consider your financial experience, goals and financial resources, and know how much you can
afford to lose above and beyond your initial payment to a broker. You should understand commodity
futures and options contracts and your obligations in entering into those contracts. You should
understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk
disclosure documents your broker is required to give you.