OnLine Cycle Analyst's Seminar - Trend and Price Swings- 25

Viewing Instructions:
Click on the Real Media Audio link below to begin; click Next to go to next chart. Before clicking on the audio link, allow the chart to fully load. If the charts do not download completely, right mouse click and choose "refresh".

SUGAR WEEKLY
From the weekly cycle bottom above the most recent arrow, the weekly chart has had higher swing lows. But a drop below 801, the low of the purple setup bar, will confirm the swing high, which is also forming a double top, and project a decline to at least 750 for the weekly cycle bottom with a test of 7 cents possible. The formation of a swing low at either of these price levels will indicate a probable weekly cycle bottom in the beginning of a move to the next weekly cycle high.