Action Reaction Course 53

Coffee contract

1 – Major 2P line from 5-23 to 8-31

2 – Market too weak to rise to 2P line and the 7-30 ML 8-31/10-1

3 – the 8-31 ML 10-1/11-13 points down steeply as does the 9-17 Schiff ML 10-31

4 – probability is for lower prices than at 132 on 10-1

5 – note the 5P’s up from 10-29 to 11-13 before a price reversal

53