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Strategies & Market Trends : Grain Futures Trading

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To: nicewatch who wrote (149)	11/15/1998 4:57:00 PM
From: High Grader	Read Replies (1) of 645

I have updated some charts and comments at elkvalley.net If anyone is familiar with the use of the 5 35 macd to count Elliott waves, I would appreciate any feedback. I just don't see a wave 5 anywhere in the count yet. Thanks for the info on the channel system Frank. I have heard of it and will look at it. I agree the 5 35 macd is signaling a sell in corn, but the market is so choppy I want to see low at 238.25 on the July contract taken out to confirm a down move. If support forms at a higher bottom level first than that level will be the one to watch. Good luck everyone.

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