Thursday, August 12, 2010

Sugar set up, could be sweet!!!

I have been following the amazing work of Hank Wernicki and his work with Elliott fractals. This trade set up is on a top pair of fractals on the 60 minute chart. If things go to plan, then price should run up to $19.15 or so, and then fall in 5 waves. Futures Juntures is also calling for this market to start to sell off at about the same level. I like the odds, let's see what happens.

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