The 45 degree angle will be down from 5855 and5370 has been crossed by the price showing up trend.
Breaking these lows will indicate muchlower.MONTHLY HIGH AND LOW CHARTThe main trend is up on the Monthly Chart. Breaking it and closing under it will turn the minor trend down.The low of the past two weeks was 49. As long as the market holds above thisangle it is in position to rally. The 45 degree angle from February 8 will cross at 4980 on May 17,which is 14 weeks or 7 day periods from February 8. GANN MASTER COMMODITIES COURSE (-2- OCTOBER EGGS (contd.)WEEKLY HIGH AND LOW CHARTThe main trend is up. This is the last support angle which the price has rested on two times in the past.May 19 will be 45 market days from March 16 and 70 market days from February 8, makingthese periods important for change in trend. The angle of 2 by 1 which moves up 5 points a day will reach 4920 onMay 20. Should the market close under5040 on May 16, it will be another indication for lower prices.From the low of March 16 to May 16 will be 61 calendar days, and May 16 will be 67 marketdays from February 8. Therefore, the first time the low of a two-day swing reaction has beenbroken, it will indicate lower prices and a change in trend.Starting fis the end of the 14th cycle of 360 degrees and should prices decline to5010 they will be 30 points back into the cycle which will be an indication for lower prices,especially if prices close under this level, or near it.The angle of 1 by 2 moving up from the low of May 10 will be at 5040 on May 16, and theangle of 1 by 4 from December 6 will cross at 5040 on May 16. The time the market makes lower bottomsfor the second consecutive day, it will indicate a minor change in trend.From February, not one two-day or more reaction bottom has been broken. October eggs should not close above51 cents before having a greater reaction than they have had for some time.From 4795 on April 18 to May 13 high of 5065 is an advance of 270 points, which equals 270degrees or 3/4 of a circle.From the last low on March 16 there have been four two-day reactions, and the market is upnearly 400 points. Four timesthis is 51 cents, and the fourth time is always important. One-half of this is 5077,making this a selling point for reaction. On May 17 it crosses at 5005, May18 5015, May 19 5025, and May 20 5035.While the main trend is up we advise selling short Monday, May 16, for the following reasons:The last extreme high was 5855, and the last extreme low 43 cents. We covered shorts and boughtat 4990 on May 11 because the market did not go down the third day.May 16, the 45 degree angle from April 18 crosses at 4995. The 45 degree angle and the 4by I January 24 top crossed at 4960 on May 10, a support point. GANN MASTER COMMODITIES COURSE (May 14, 1949OCTOBER EGGSTREND INDICATIONS ON DAILY HIGH AND LOW CHARTFrom April 18, when the low was 4795, the trend has been up. You will benefit by going over previous high and low prices and checkingthem in connection with the Master Chart. In this way you will get manyresistance levels at the same price which will indicate the culmination at extreme high andextreme low prices. Note that 5040 is 14 x 360 or 2 cycles in the second square of 360, and that5010 is on the 45° angle from 60 cents, and the price of 4995 is on the same angle of 315° from1035, the extreme low or 11 cycles over.When using these Master Charts always consider the time periods from minor tops and bottomsand the geometrical angles on the daily high and low chart. Next we had 180 or half the cycle and this gives 5025 as a strongresistance level. This gives 4845 at the same degree or360 points added to 4485. In the first cycle of the second square on 165°. The low of this option was 4485 on November 1,1948. GANN MASTER COMMODITIES COURSE (-4- MASTER 360° SQUARE OF 12 CHART FOR EGGS (contd.)1949 October Eggs for delivery in 1949.