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I worked on Wall Street as a Systems developer and Money Manager. I run a private equity fund as a hired gun. I currently work with a broad base of private funds. I am very selective in whom I except as a client. My services are normally not open to the general public due to the secure nature of... More
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  • ZC - CORN E-CBOT Continuous 0 comments
    Aug 15, 2011 8:14 AM | about stocks: CORN
    8/15/2011 - CORN E-CBOT Continuous

    Review of $0$ ZC - CORN E-CBOT Continuous (@:ZCC1#I)
    as of Friday, August 12, 2011

    Today's Price Action

    Change   -1.5000 (-0.21%) prices closed lower than they opened. with weak Bids going into the close. 

    A bearish harami occurred (where the current small black body is contained within an unusually large white body).  During an uptrend (which appears to be the case with $0$ ZC - CORN E-CBOT Continuous) this pattern implies an end to the rally as the bulls appear to have exhausted themselves.

    During a downtrend the bearish harami pattern is bullish as the bulls appear to be gaining strength as the bears weaken.

    A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

    PulseScan Swing Vix

    PulseScan:      0.04
    Swing Vix:     -1.22

    The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.    
    A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  

    *The last signal was a Over-Sold Buy 23 period(s) Ago.
    The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.
      *Since the last Swing Vix signal, $0$ ZC - CORN E-CBOT Continuous's price has been unchanged, and has ranged from a high of 707.75 to a low of 697.50.


         MARKET TREND - Currently the TREND is .

            TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,,BULLISH MOMENTUM,

    The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -   587.58
    The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   626.28

    RESISTANCE   708.26 -  GO LONG here   712.42 place stoploss here   691.92

    SUPPORT   696.99 - GO SHORT here   691.92 - place stoploss here   712.42 

    PulseWave BreakOut RESISTANCE -   734.08- GO LONG here   734.08 place stoploss here   691.92

    PulseWave BreakOut SUPPORT -   646.50-  

    BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,224.10
    Long term Trend Line resistance is currently at -   799.75
    Long term Trend Line support is currently at -   587.58

    On 8/12/2011, $0$ ZC - CORN E-CBOT Continuous closed   
    below the upper band by 23.5%.
    Stocks: CORN
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