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Strategies & Market Trends : Grain Futures Trading

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To: wiley murray who wrote (158)	11/17/1998 1:10:00 PM
From: nicewatch	Read Replies (1) of 645

FWIW, I am back in May beans at 596.75... a tick above yesterday's high from a stop order hit while I was at class today. If this is minor wave 3 of 5 of one, I don't want to miss it. I will use a tick below yesterday's low as a stop loss for now. Fortunately, I only missed about 2.5 cents between taking profits last Friday and getting back in again. The next cycle date to watch is 11/27/98-11/30/98, plus or minus a trading day. Assuming the wave structure and count that we've discussed is correct, I am looking for a high in that timeframe if prices rally into that zone. Otherwise, it should be a low. Talk to you later Regards, Frank

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