Futures Market - Palladium Highlight #2
Long palladium positions are pyramided as seasonals suggest higher prices.
(COMMENT #s 171, 193)
UPDATED 19980305
COMMENT 1998-171
1. Back to the markets in COMMENT # 108.
2. Shouldn't we be applying the Thrust method to these markets as in COMMENT # 165?
UPDATED 19980310
COMMENT 1998-193
Turn to page 320 in "The 1998 $upertrader's Almanac - 1st Half Edition".
1. A close in new ground today should be bullish for this market.
2. Can you see that this market is acting as it should (see the chart on page 320)?
3. Can you turn to page 321 and, under the "Seasonals" listing at the bottom of the page, locate trade #s 32, 42, and 102?
4. Can you turn to the appropriate weeks of the year to glean the specific and detailed information presented by these seasonal trades (to locate these weeks, go to the "WK" column in the "Seasonals" listing and then turn to the appropriate week in the book - this should take you to pages 84, 94, and 140 (corrected from 134))?
5. Can you see why, when combined with "Inversion Cycle" information, the markets in this complex were recommended with the "Thrust Method" (see COMMENT # 108 and pages 115-116 of "The $upertrader's Reference Manual").
6. Isn't this easy?
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