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HG,
Thanks for the charts. I am playing with the (13,34,89) MACD for counting waves of a slightly larger degree. I will let you know if I come up with anything.
If corn is in 5 of one up, then we must be in minor wave 2 of 5 of one up. The MAC just reiterated a buy signal, so a decline to the moving average of the lows, 241 for Monday basis July, (low risk entry) is supportive of the count, so long as it contains the decline. On the other hand, the short term STORSI is still going down. Moreover, beans and wheat have met minimum expectations for 5 wave advances... so maybe corn is slow to follow with a failed 5th. Time will tell, talk to you later
Regards,
Frank |
