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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (4977)10/24/2001 3:58:00 PM
From: peter n matzke  Read Replies (1) of 33421
 
Hi John,
well, i lost a little interest when i was working on the analysis

the theoretical best turn date for cotton was 10/6 which caused an acceleration to the downside which may mean that cotton may not bottom for another year, but how low can it go??

both cotton and coffee are at super cycle lows
both have turn dates 11/30 and 12/30 which could cause a reversal
cotton also has 11/9 and 2/2/02

sq 9 from highs
cotton
117.2 4/24/95
103.9
91.4
79.7
68.8
58.7
49.4
40.9
33.2

its at 8.5 cycles now 29.6
price is way ahead of time

coffee
318.00 high 5/29/97
251.
192
141
98
63
48.00 5.5 cycles
again price is way ahead of time

i may just buy a lone contract march/july 2002
so i don't forget about them

i need to look at COT see if there may be anything
positive in the weeds

regards
peter

ps,
if the us dollar would weaken i think that would help both
cotton and coffee
when you look at the long term currency charts i don't see how the dollar can maintain the run that its had.
it seems almost a given that it will pull back sooner or later
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