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.

W d gann square of 360 chart