Futures Market - Soybean Highlight #3

Simple trendline break is used to position soybeans long just off their 1998 post-harvest low.

(COMMENT # 645)

 

UPDATED 19980903

COMMENT 1998-645

1. Remember how we focused on the down trendlines in COMMENT #s 623, 624 and 625 to position long in the energy complex just right off the recent lows and prior to the strong rallies of this week?

2. Let's now do the same thing in the market on pages 405 of "The 1998-99 $upertrader's Book of Linear Time Cycles" and 330 of "The 1998 $upertrader's Almanac - 2nd Half Edition".

3. Isn't this easy?

 

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