buy your Fruit Loops Now …here comes the Sugar Train

UPDATE: pattern appears to have held.  too early to call a new trend in place, will obviously need to survive the first major pullback.  w/ such a major down trend in place, expect the lows to be attacked again or not?  A “normal” correction will be very bullish in my mind.

Blue Arrow Depicts Pattern Level forecasted

Blue Arrow Depicts Pattern Level forecast

been watching SUGAR for a while and, particularly the 16 dollar area on the continuous contract. this target has been HIT and, you might want to stack up on sugar products because it has the potential to be a big bottom … go get your fruit loops or coco puffs or what have you …

have a great weekend and off to the Nationals Game … 1% chance, you never know!

August 10 2013 Exhibit 1 SUGAR

August 10 2013 Exhibit 2 SUGAR

August 10 2013 Exhibit 3 Sugar

August 10 2013 Exhibit 4 SUGAR

so, target zone depicted above and here’s the latest, up to date action:

note, the nice 5 wave move UP from target area

note, the nice 5 wave move UP from target area

sure looks like we are forming a bottom ... stay tuned and Fruit Loops are going to get more expensive

sure looks like we are forming a bottom … stay tuned and Fruit Loops are going to get more expensive

3 Comments on “buy your Fruit Loops Now …here comes the Sugar Train

    • Mark

      thank you for reading the post! amazing … if you look to some of my first posts, you’ll see that I am a “pure play” advanced pattern recognition trader. I, honestly, do not understand the factors affecting the Indian subcontinent. I see a major pattern completing and therefore see Sugar in the “bid” now. Not meant to be verbose or anything like that — I just trade and analyze patterns. IMHO this pattern is complete. Now, patterns DO FAIL so if we are going thru 16 on, say, a weekly closing basis then sugar is in REAL trouble….does that make sense. enjoy the dialogue and thanks again for taking time to analyze and post your thoughts. let me know if you would like for me to work anything else up…am planning on doing the S&P this weekend. FYI, the Washington Nationals won…a long shot, but a GREAT way to spend a Friday night in the Nations Capital. BART

  1. Pingback: Sugar Update | Bart's Charts

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