Action Reaction Course 13

Study WHAT DAYS OF WEEK Ps FALL ON ! Here are a few for you to add to. You’ll see on your March Soybean Chart that either a P or a gap (which is 2 Ps), since June 1st has come on every Monday except 4 days and a holiday. This includes all minor Ps of either ranges or closes. A P fell on every Wednesday except 4 plus 2 holidays. When no P on Wed it came 3 times on Thursday and the rest on Thursday. On Hogs all Mondays except one and a holiday or two. Major Ps about half come on Monday.

USE OF MONTHLY RANGE CHARTS & SLIDING PARALLEL: The enclosed Egg Chart that was sent you before to have as a confirmation of the long term probabilities as indicated by the short period range charts is a good sheet the practice the use of ML, MLH, SH.

You’ll see the ML starting from Aug. 1960 and after prices pass through the lower MLH signaling that lower prices are eventually coming, prices continued to rise for 4 months along the lower MLH as they frequently do. But if you draw the little dash line (SH) you see your sell signal when prices drop through in August at about 37 for a nice 7c drop during the next 4 months. We’ve drawn another sample ML from that Aug. 1961 top and a SH through the top of the range in May of 1962 with the buy signal when prices rise above it. You can see that when prices drop through the MLH of this ML from Aug 1961 they rally, and the rally from this MLH that starts in Dec. 1964 at the 26 buy area is profitable. Use tracing paper and fill in the other with B & S points and add up your paper profits.

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