Steve Griffiths
06-26-2008, 07:27 AM
Hi Everybody.
I have been so busy with the new v6.0, I have not had time to keep my eye on the markets, so I hope that you all caught the recent rally in (Jul) Corn.
As you can see, the May 29 low fell at both DP support and the minimum Wave C WPT for the end of an ABC correction.....
Why was this such a obvious trade ? Well, because (as I have mentioned for many years now), Grains show a "seasonal" tendency to rally in the later Apr to May period into July, so all Grain traders should always be aggressively looking for buy opportunities at this time.............. so this was a "no brainer" :)
Steve
I have been so busy with the new v6.0, I have not had time to keep my eye on the markets, so I hope that you all caught the recent rally in (Jul) Corn.
As you can see, the May 29 low fell at both DP support and the minimum Wave C WPT for the end of an ABC correction.....
Why was this such a obvious trade ? Well, because (as I have mentioned for many years now), Grains show a "seasonal" tendency to rally in the later Apr to May period into July, so all Grain traders should always be aggressively looking for buy opportunities at this time.............. so this was a "no brainer" :)
Steve