Corn futures confirm fractal

Corn futures confirm fractal as trade proves expedient. December Corn futures jumped a whopping +14 points up to 392 1/2. Expect rally to continue to over 410 conforming to fractal before a retracement down to the 360 level. Thereon after should exhibit the extrapolated rally.

Another Inspection of corn fractal. We observe Iterated pattern from Dec 5th 2008 through today. The Repeat fractal in Yellow (Click chart for large version)

Zooming in to repeat fractal (5th December 2008 through 2nd of June 2009):

Heuristic contends this repeat fractal began again on 8th September 2009 to Present Day (chart below)

Based on pattern we are currently on wavelet C”D” (i.e CD4 to D) which should take us in two days over the 409 level. I will be selling out my longs once the 409 point is crossed. Corn futures should then begin the DE (D”E” wavelet) down to at least the 360 level.  Before the perceived blastoff rally takes us on a tangent on the big EF wave to at least the 450 point. I will be using the profits I have been accumulating from my longs at the 377 level through 409 to go short, and then risk all those profits at the 360 level, heavily long. As the saying of old goes “it is not how right or how wrong you are that matters, but how much you make when right and how much you do not lose when wrong”.

By Andrew Shawn – Recursive Investments in Global Financial Markets

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