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Cotton: Opportunity Getting Ripe
Elliott Wave International describes a budding potential opportunity in Cotton.

By Vadim Pokhlebkin
Wed, 19 Mar 2008 17:45:00 ET
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"Let me begin by saying that I'm still bullish Cotton."
 
That's the opening line of today's issue (March 19) of Elliott Wave International's Daily Futures Junctures publication.
 
Note, however, that the editor Jeffrey Kennedy's conviction regarding Cotton futures has nothing to do with the "growing demand from China," or cotton crop forecasts, or any such things. 

Jeffrey builds his case on several pages by showing you 4 different Elliott wave-labeled charts of Cotton. Then, he backs up his analysis further in a 5-minute video presentation.

This Jeffrey's Chart #1 (some labels hae been erased for this publication):

As you can see from this chart, just because Jeffrey says he's bullish Cotton doesn’t mean prices can't drop a little more from here, extending the recent decline. 

Still, the opportunity, according to Jeffrey, may be getting quite ripe. Get all the details right now in the March 19 Daily Futures Junctures. Just scroll down to learn how to get it on your screen in minutes.

Tags: cotton, futures, china

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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.