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Houston,Tx | thanks J -
tallcorn, in general - it is difficult to know when the 1st impulse of wkly, daily chart is beginning. i.e. usually, 1st impulses are not NAMED by chartists until after 5 wave impulse is complete...so, yes it can also look like(be named)
an a-b-c correction.
equally, beans Could be in #4 of an impulse (daily) {which would be #1 of next degree impulse} as opposed to starting another down impulse, implied by comments. I lean in this direction - best non-technical answer i have - massive total commercial interest and (particularly - long) on the board, world use, SA-India-China drought, etc.
-this has been ramping up sharply since early Aug - got my attn.
also, look back at wkly chart - low bar seems like a gravestone doji to me - i put this up 3 weeks ago in mkt talk.
thank you.
EDITED--
Edited by c-xr-1 10/18/2014 14:13
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chart posted
