The following message was posted on the forum at TFC.charts. Please note the date of the message. It was posted November 19, 2009 which is 10 weeks before the predicted turn in the market.
January 25-29 will be turnPosted By: <jonbrueg@yahoo.com> Date: Thursday, 19 November 2009, at 12:57 p.m.......... January 25-29 (2010) will be a turn in the grains that will be recognizable on a weekly chart.
The grains experienced a precipitous drop into this time frame and soybeans made their ultimate low on February 4th, 2010. The projection of that turn was given 10 weeks in advance! To illustrate the value of that knowledge, consider how soybeans reacted from that low. The weekly chart shows that 2-4-10 low to be $9.00. To this day, that price has not been broken on the weekly chart. That's well over a year later and prices haven't broken that level. What's more, soybeans rallied $5.54 from that low. Hopefully, the reader will begin to gain an appreciation for the value of cycles. It allows the analyst to identify points in time and price where the market trends begin and end. In today's explosive environment, the value of understanding these market cycles cannot be overstated.
Below is a message posted shortly after the trend was changing.
cycles nailed it again!Posted By: <jonbrueg@yahoo.com> Date: Monday, 22 February 2010, at 1:34 p.m.In the middle of November, I posted that the January 25-29 time period would be a major trend change in the grains. That is a prediction made 10 weeks in advance. The low has been February 4th, with some contracts actually making the low ON 1-29-10. Again, what is so valuable about this knowledge is that it identifies places where the market will not break in price which gives places to enter the market with the least amount of risk possible. It also lets one get in on almost the entire move of the trend. These cycles, when accurately understood, are the most profitable trading tool available, period..
Illustrating charts coming soon.