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| Hi ND,
Gotcha thanks. It could conceivably turn out that way sure. On top of that it's a downward sloping pendulum. These pendulums that are sloping with the trend that are drawn after the zoom through balance, most times are exhaustive and price snaps back. You can often drag your"c" over and can see the dominate frequency in the market. Remember how we did that on the x5 earlier when things weren't making sense? There was that little overshoot of the LML, then price got sucked back in. If memory serves, it was projecting the modified schiff...so the second pivot was "c" and I think the ML stopped it dead on the rally... | |
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Soybeans
