DE Jan 8

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John Deere , good news today re agribizz, chart does not support that. We had this as an outright sell from $76 on. Even if the count is not entirely clear along the way the action from the recent low is very clear. An a-b-c counter trend up, no different than Cat. In the minor c wave the 4th is clearly a triangle. We should go first to that level and than to new lows. Click on chart to enlarge.