Friday, June 3, 2011

No. 11 Sugar Futures Update

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The "Geometry of Time & Price" I spoke of in the previous Sugar post, turned out to be a great trade. I bought 1 lot or 10k pounds of sugar. As for profit, I didnt take the full 300 points it was good for but I did take 200 points.

With the daily close today coming in under the earlier mentioned upside target, we can confirm that upside resistance is met. Currently I am not going to run the algorithm again to arrive at another predictive scenario for No. 11 Sugar.

It certainly is fascinating to witness the predictive power of complex polynomials.

To view the previous Sugar forecast visit : http://1618analytics.blogspot.com/2011/05/gann-time-and-price-sugar-futures.html

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