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Don,
I am hoping I can help your GET friends by selling them part of my cotton
position as we approch the 40 cent area on March. Once that happens, either
way will make me happy. Thanks for your input.
Charitably,
Norman
----- Original Message -----
From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, November 13, 2001 7:00 PM
Subject: Re: [RT] Cotton/ Copper
> 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
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> > >
> >
> >
> >
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> >
> >
> >
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> >
>
>
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