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Today's Featured Article

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CATTLE
June Cattle has been in a topping formation for the past two months. One of our biggest change in trend points on the April calendar for Cattle was for April 9th. Please see the red arrow below indicating how well this nailed the retest top of the April 5th peak.
The chart pattern is now showing a market which has either made a major long term top or is in the process of making a long term top. Long term, I recommend looking for rallies back to the $1 area to go short. Use the major key times to identify turning points.
Key Dates -- 4/30, 5/3, 5/7, 5/17

If you cannot view the June Cattle Daily chart, go here. |
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COTTON
Cotton has been is a moderate down trend since the end of 2006. Recently the down trend has accelerated. The chart for July Cotton is now showing a possible "measured move” which is when a second wave equals an earlier wave. For example, the move from late December 2006 to the February low equaled about 600 points. The move from the late March peak to the late April low was approximately 600 points. If this low is significantly exceeded, the wave will likely expand by 1.618 to about 1000 points which would project to the 4600 area. Cotton tends to be sensitive to the 41 month Jupiter -- Uranus cycle, which is due to have its next short term culmination May 10th. Look for a possible
short term low for Cotton at that time.
Key Dates -- 4/30, 5/3, 5/7 -10, 5/17

If you cannot view the July Cotton Daily chart, go here. |
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COFFEE
Coffee is now offering a great case study in demonstrating some of our principles. One principle is that when the planetary ruler of a commodity turns retrograde, it is usually bearish for prices. Coffee has been in a steady down trend since peaking last December shortly after its planetary ruler, Saturn, went retrograde. Coffee has been mostly absent from our monitor list during the past several months, based on the planetary energy on our Activity Calendar. In other words, there has been a distinct lack of energy flowing to Coffee over the past several months. Coffee is back on our monitor list for May with two big energy points.
There was some hope that Coffee may get a bounce or reverse trend when Saturn turned direct on April 19th. When the planetary ruler of a commodity turns Direct, it eliminates the negativity from the retrograde, but it is not necessarily positive. However, as Coffee took out the key level established at the April 19th window, (because the key times gives us the key prices) we looked ahead to May 6th and saw that Jupiter, planet of expansion, was forming a harmonious 120 degree aspect to Saturn, the planetary ruler for Coffee. This indicates that the Coffee market should experience some expansion in supplies into the May 4th weekend. Remember that harmonious aspects such as 120 degrees
help create more supplies and therefore are usually bearish for commodity prices. Shortly following May 6th, on May 18th, Saturn will be contra-parallel to Pluto. This is somewhat like an opposition or 180 degree aspect and is stressful. This should help bring firmer prices for Coffee.
If July Coffee continues sideways to lower into the May 4th weekend, look to go long Coffee or some Coffee call options for a possible bounce from May 7th to May 18th. The lows as of the May 7th close can be used as a stop loss reference point, i.e. the lows of May 7th should not be significantly exceeded or its time to exit.
Key Dates -- 5/7, 5/18-21

If you cannot view the July Coffee Daily chart, go here.
FUTURES AND OPTIONS TRADING IS NOT SUITABLE FOR ALL INVESTORS. THE RISK OF LOSS IS SUBSTANTIAL. AN INVESTOR COULD LOSE MORE THAN THE INITIAL INVESTMENT. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. |
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About the Author

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Norm Winski has been trading professionally for thirty years, including twelve years of experience as a member of major exchanges. In April 1991, Mr. Winski entered Technical Analysis of Stocks & Commodities Magazine's 'Trader's Challenge' by forecasting the price of Black & Decker (BDK) stock for the next two months. Mr. Winski was so accurate in his forecast that “S&C" Magazine not only declared him the winner in the August 1991 issue, but also proclaimed Mr. Winski a "Certified Technical Genius".
Norm graduated from Indiana State University, Terre Haute, IN, in 1975, with a Bachelor of Science Degree in Finance, and minors in Economics & Political Science. In May 1975 he became a market-maker on the Chicago Board Options Exchange, which he continued until 1987. 1985 - 1987, was a member and floor trader at the Chicago Board of Trade.
1978, Norm has continuously edited and published the monthly letter, Astro-Trend, which we believe is THE MOST comprehensive Astrological advisory service in the world. The monthly letter covers daily analysis for 24 different futures markets. Also available is detailed daily analysis with intra-day key times that are especially valuable for day traders.
Mr. Winski's techniques currently encompass W.D. Gann, Elliott Wave Theory, Astro Physics, Astrology, Music, Cycles, Fibonacci, Technical Analysis and many other aspects of Harmonic Analysis. |
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Special Message from Our Author

|
Complimentary Book on Learning to Trade Options on Futures!
If you are new to the option market, but have had some exposure to financial futures, this booklet is designed for you. It is intended to give the financial professional, as well as the sophisticated individual investor, a basic introduction to options on financial futures. Just enough information to help you ask the right questions so you can start using these markets. Act now while supplies available! Sign up for your copy today! |
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