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There is a very long term cycle that expires
in late June-early July. This cycle should
order in a low. I have a number of dynamic
time counts that point to July 3rd.
The Brad Cowan Price Time Vector from the high
of last July will be 288 units at a price of
$2.33 this Monday. (Check the book of Revelations
about the importance of 144 and its multiples.)
The Cowan Price Time Vector
from the high of August 13, 1996 to $2.33 this
Monday is 252 units. From Pythagoras to
W.D. Gann to Murrey Math, 1/8 divisions of data
are important and 252 is 7/8ths of 288.
This information indicates that this week "should"
generate a meaningful turn in December corn.
The divergence between December prices and its
relative strength index is the kind that one
sees at important turning points.
I am anticipating a "tradable event."
If December corn close materially below $2.33,
it is obviously going to zero.
Ernie
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