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when i started this thread,on the 25.8.07 the soybean future was 850 points.
today 3 month later , the future (x7) is at 1100 points.
250 points higher
+12500$
soybean !! another +5% in 3 weeks.
(zsf7=1157).
i'm a bit embarrassed to say,but the soybean is flying high
all the time.
imo,it is wave 5 of 3 (in the weekly chart.)
here is update on soybean.
relabel the wave count.
so in a nutshell. the price is it wave 5 (intermediate)
and i think the target is in 1500 +/- area.
so in a nutshell. the price is it wave 5 (intermediate) and i think the target is in 1500 +/- area.
1505 and no sign for slowing down.
it look's to me w:3 of 5 of larger degree 5
what a bull market !! its been for the last 1.5 years !!
in the last month, the soybean,is in a correction phase.
here is a possible scenario for the correction ?
contracting or symmetrical triangle.
let's see how it will unfold ?
here is a possible scenario for the correction ? contracting or symmetrical triangle. let's see how it will unfold ?
for the time being ........
so far so good !!
here is a possible scenario for the correction ?contracting or symmetrical triangle.let's see how it will unfold ?
as it look's the counting is o.k so far !!
so,we are at w:c of the contracting triangle !!
I say screw the technicals. Everyone trading these commodities should all short at once to give a chance to people in poor countries to eat again.
I say screw the technicals. Everyone trading these commodities should all short at once to give a chance to people in poor countries to eat again.
Very true... thats what should be done... but frankly... who will do it... only a few