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here is another possible scenario for soybeans !!?
this time a bearish scenario .
a break bellow 1307.75 will increase the odds. for the bearish move !!
a break above 1396 will defer the bearish view.
the bull market in the commodities continue !!
soybean
w:3 of 5 on the move !!!!
yes ,what can u do ? when u are in a bull market.
all u have to do ? is fasten your seat belt,and let the bull run !!!
when i started this thread 8.25.07 the price of the soybean, was
890. today 10 month later the price is 1590 all most double !!
i really hope that someone enjoyed the ride !!
i think that now w:4 playing role.
yes ,what can u do ? when u are in a bull market.all u have to do ? is fasten your seat belt,and let the bull run !!! i think that now w:4 playing role.
w:4 ended at 1490.25 and w:5 took place.
the price now is 1656.75 (zsn8)
the soybean is in the same situation as all the commodities !!!
correction time.
w:1 or A ended at 1168.5 and w:2 or B took place.
reasonable target for w:2 or B is 1415 !!!
a break below will differ the scenario.