Sightings

07/15/08

September Soymeal has a new #1 top point at 442.00 the high on 7/11/08 and a possible #2 point at 417.20 the lo won 7/15/08. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 328.20

September Soybeans have a 1-2-3-top formation, #1 top point is 1641 ½ the high on 7/3/08 the #2 point is 1492 ¼ the low on 7/8/08 and the #3 point is 1625 ¼ the high on 7/11/08. Place an order to sell or go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point. 50% @ 1245 ¾

September Oats have a 1-2-3-top formation, the #1 point is 474 ¼ the high on 7/3/08, the #2 is 418 ¼ the low on 7/8/08 and the #3 point is 466 the high on 7/11/08. Place an order to sell or go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point. 50% @ 1245 ¾

September Australian Dollar has a new #1 top point at 9770 the high on 7/15/08. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 8746

August Pork Bellies has a 1-2-3-bottom formation, the #1 point is 6250 the low on 7/8/08, the #2 point is 6840 the high on 7/11/08 and the possible #3 point is 6580 the low on 7/14/08. Place an order to buy or go long on a break above the #2 point with your initial stop loss just below the #1 or #3 point. 50% @ 8012

September Lumber has a new #1 bottom point at 248.60 the low on 7/15/08. Continue to watch this market for a complete 1-2-3-bottom formation. 50% @ 281.80

December Cotton is in a narrow sideways channel the top of the range is 7520 and the bottom of the range is 7086. Bracket this market by placing an order to buy on a break above the range and an order to sell on a break below the range. Place both orders GTC so that which ever order is filled the other will automatically become your stop loss. 50% @ 8465