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TFC Commodity Trading Forum

Jan 3rd call/Randolf *PIC*

Randolf's post on March Corn Thursday Jan 3rd:

"Double checked me Gann Wheel this morning and saw that Friday is the last day. So if this 45-55 day cycle is to repeat and manifest, then the market should bottom out by Friday and start rallying. We'll soon see."

And right you were Randolf. Or rather your Gann Wheel was right with you reporting its findings.

Well that Friday Jan 4th was exactly when it bottomed out before this rally. Spending some more time on this chart I put in the support levels this time and see that the Aug/11 high at 677 served as perfect support on the pullback which was also a Fib 50% retracement of the entire June/Aug/12 rally. I didn't put them in on my previous chart as I didn't care enough to bother. Nice little bounce and back into its old channel......... for now. Chock one up for your Gann wheel............. thanks for not putting in the forks,lol.........................