Repetitive bottoming soybeans
Here's a tardy submission for the April Mystery Chart contest. I liked the logic and the eventual reversal.
James D. Austin
I believe the Mystery Chart in your March 1990 contest is that of soybeans bottoming in April 1980. On
this chart is a repetitive cycle averaging 54.8 days. This cycle would be my trading cycle.
This trading cycle seems to be a component of a longer cycle that is in the downtrend phase. The lower
tops and lower bottoms define the channel I've drawn (Figure 1).