Sunday, August 2, 2009

Speaking of Rbob

This is Sep, the new spot mo. The upward sloping support line dates to the beginning of this move on 7/13. The labeling a b c may well turn out to be rather a 1,2 ,-1-, which implies much higher numbers, but the c= a @ 2.0755 and the c= .76 of a @2.035. This late in the game, with new highs in sight , no faltering is really allowed. So an acceleration to finish the move up from the .7850 low last year OR the thing rolls down. Certainly a move below 1.9533, the .618 retrace of that last ballistic leg up, would have to spell the "e. n. d." wave.

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