Written by: Trader 2/16/2009 5:25 PM
Wheat has formed a descending wedge as shown in the daily chart below. Watch this formation for a breakout and then go with the flow (i.e.: trade in the direction of the breakout).
IGT has formed 3 waves down on our oscillator. So, look for a bounce - buy above Friday's high with a stop at Friday's low. Don't plan on holding this trade for along time - it's only for a scalp.
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