¡@2006 Sugar 11(World)

  

If it falls below $15.25, then my 2nd counting holds, which means it's currently in 4th of C of 4th wave.  Thus, if you long it up, then set $15.25 as stop loss and wait for the 5 waves down then buy it up again.  However, since the fundamental looks good (For this, you can look at "sugar flies" in investor vision), it's going to rise in mid-long term.

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In short term, I expect a C wave down to finish the short term correction, then it'll be back on the upward trend and that'd be a crazy rise!!  I already bought one call option, I'm going to buy more if it falls as I expect.¡@

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In short term, it's going to rise and it looks good to long it even though it's been rising a lot since last week.  Stop loss at $16.37.  There might be a buying point tomorrow for short term.  For long term, I expect a correction in late July or early August.

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Roy