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Four Letters In Cocoa: F-R-E-E

By Nico Isaac
Thu, 12 Feb 2009 18:45:00 ET
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Now that you know what Free Week is, check out what Free Week has in store right now: the February 12 Daily Futures Junctures. In this publication, editor Jeffrey Kennedy reveals that COCOA prices could be nearing an exciting juncture.
Check out one of the FOUR price charts that Jeffrey presents and see exactly why he has his eyes glued to this sweet soft: (Some Elliott Wave labels have been removed for this publication)
According to Jeffrey's wave count, a classic five-wave impulse pattern has unfolded from the recent high. And, according to the Wave Principle, five-waves are followed by a three-wave retracement; hence, the projected A-B-C rebound seen above.
Then the best part: Once the three-wave advance is complete for wave (2), wave (3) down will begin. FYI: Ralph Nelson Elliott himself describes third waves as "wonders to behold."
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