03/22/2017 – cotton has went up and tagged the lower boundary of a BIG GAP. “should” be pausing and pulling back …
I haven’t noticed the price of cotton shirts, underwear, what have you going up … have you? I don’t buy much anyway. But, however Cotton Futures are priced on the Exchange, you know I don’t know a thing about that. Just patterns …
Cotton’s up around 46% from levels described above. Folks, LOG percentage measured moves (extremes) work.
Cotton, who would have thunk it?
03/14/2016 – my good friend JC (www.allstarcharts.com) just blogged about cotton and it jogged my memory that 15 months ago I blogged about a low coming in cotton. (I’m good at timing, right? LOL) But, time is the key component and the PRICE level just completed the same corrective move (-75%) that represented the largest corrective move – EVER.
just saying, Cotton could be rolling w/ like Mr Toads Wild Ride …here’s updated charts:
if your an ETF player, perhaps look at LONG BAL in/around these levels and stop out below 35?
Wrong below 54.45 ….picture paints a thousand words. Two charts so here’s two thousand words.