Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Yogizuna who wrote (39147)	3/31/1999 1:47:00 AM
From: nicewatch	Read Replies (1) of 94695

Hi Yogi, I guess you mean the upper tine of that larger down fork when you say significant resistance? It could cause a reaction of some sort as beans have been rallying for a month... and a selloff would be healthy, imo. Nonetheless, the sideways fork is more recent, and consequently, I expect any decline to go no lower than the lower tine of the sideways fork, if it even goes that low. FWIW, I scalped a few beans long today... and actually held one overnight. I'll keep a tight stop though... there's an acreage report out tomorrow, and it will produce volatility. Do you now of any software that will automatically draw the fork patterns? no not really. Even if I knew of such a software, I would be suspect of it. Most softwares that can draw forks let you do it in 3 clicks. As far as automatic drawing.... to me it would be as difficult as letting a computer determine which trendlines to use. A computer's read would just be one more opinion, imo... no pun intended. <g> Talk to you later Regards, Frank

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