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Posted by ganntrader@aol.com on August 24, 2008, 12:00 pm
(edited from the DGL user group update)
Group update - August 23
DECEMBER COPPER - I was asked about this market. The last DGL setup
came at the July 2 high; now prices have rallied up to another
potential turning point. The DGL is was at 3.5383 Thursday, when the
high reached 3.5500. Friday's session gave a Trade Band short setup.
Looking for a move lower.
DECEMBER COCOA - in this market Friday's high was 2849, with the DGL
at 2840 so I expect to see another swing lower.
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For info on the DGL user group: visit http://dgl.topcities.com or
email: ganntrader@aol.com
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