Futures Market - Fiber Highlight #2
Technical trading technique ALIGNS with "Inversion Cycle Index" to signal 1998 high in cotton.
(COMMENT # 510)
COMMENT 1998-510
UPDATED 19980714
1. Are you beginning to understand how we have to shift between pattern recognition techniques in order to "fit" the system to the circumstances?
2. For instance, remember when we were talking about the likelihood of a "big drop" in cotton in COMMENT #s 458 of 980622 and 463?
3. Note, in the October contract, how the "ALMANAC VI" trading system exited this market last Friday.
4. If the expectation reviewed in COMMENT #s 458 of 980622 and 463 was combined with the trading technique on pages 205-209 of "The $upertrader's Reference Manual", however, note how entry was experienced 1 day earlier and over 250 ticks higher.
5. Note that the retest of the 980701 high occurred during the week of a weekly "Inversion Index" projection (see the "WIC" on page 141 of "The 1998 $upertrader's Book of Linear Time Cycles").
6. Don't forget, we usually only use these pattern recognition techniques when it is TIMELY to do so - i.e., when ALIGNMENTS are present.
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