V. 8:14 (577-577): Repetitive bottoming soybeans
Product Description
Repetitive bottoming soybeans
Here's a tardy submission for the April Mystery Chart contest. I liked the logic and the eventual reversal. -Ed.
James D. Austin
Kirkland, WA
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).
Here's a tardy submission for the April Mystery Chart contest. I liked the logic and the eventual reversal. -Ed.
James D. Austin
Kirkland, WA
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).
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