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MRCI's Scenario Summary

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MRCI's ScenarioSM Summary

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved.
Some data provided by Prophetfinance.com
ScenarioSM Summary Mar 31, 2008
Historical Data Scenario Data Current Market Data

Mkt

Cond

Month
Prev
Close
Month
High
Month
Low
Month
Close
Pct
Range
Total
Years
Cond
Years
Action
Years

Pct
Scenario
Objective
Average
Objective
Last
Price
#UTIL Higher Mar 477.50 492.73 466.74 479.00 47% 38 20 18 90% 492.73 514.70 479.00
#OEX Higher Mar 613.60 632.95 583.65 613.70 61% 24 16 14 88% 632.95 665.98 613.70
#RUT Higher Mar 686.20 706.00 643.30 687.95 71% 29 20 20 100% 706.00 741.50 687.95
SPM8 Lower Mar 1333.30 1361.00 1253.10 1324.00 66% 25 8 7 88% 1253.10 1211.85 1324.00
EDU8 Higher Mar 97.785 98.335 97.600 97.905 41% 26 8 7 88% 98.335 98.727 97.905
DXM8 Lower Mar 74.050 74.325 71.205 72.165 31% 22 11 11 100% 71.205 68.855 72.165
GCM8 Lower Mar 980.0 1038.6 909.0 921.5 10% 33 21 18 86% 909.0 870.5 921.5
PLN8 Lower Mar 2187.7 2299.0 1806.7 2043.4 48% 39 19 16 84% 1806.7 1659.8 2043.4
HGN8 Lower Mar 384.25 400.70 345.85 383.10 68% 45 11 10 91% 345.85 329.34 383.10
HON8 Higher Mar 274.34 301.29 269.61 284.91 48% 28 20 19 95% 301.29 327.24 284.91
HOQ8 Higher Mar 274.54 301.78 270.08 285.21 48% 28 20 19 95% 301.78 326.90 285.21
RBQ8 Lower Mar 266.74 273.07 250.00 259.86 43% 22 4 4 100% 250.00 234.18 259.86
NGN8 Higher Mar 9.545 10.535 8.940 10.258 83% 17 13 13 100% 10.535 11.970 10.258
NGQ8 Higher Mar 9.595 10.600 9.000 10.303 81% 17 13 13 100% 10.600 12.017 10.303
BOQ8 Lower Mar 69.70 73.17 52.48 52.48 0% 45 20 17 85% 52.48 49.17 52.48
BOZ8 Lower Mar 70.00 74.00 53.13 53.13 0% 45 16 14 88% 53.13 50.32 53.13
CN8 Higher Mar 568.50 600.75 515.00 582.00 78% 45 22 20 91% 600.75 633.15 582.00
CZ8 Higher Mar 564.75 602.00 513.25 581.00 76% 45 25 21 84% 602.00 638.49 581.00
MWN8 Lower Mar 1350.00 1392.50 1035.00 1045.00 3% 27 14 12 86% 1035.00 991.63 1045.00
MWZ8 Lower Mar 1113.00 1300.50 989.00 1003.75 5% 27 15 13 87% 989.00 949.07 1003.75
RRN8 Higher Mar 18.34 20.50 17.56 20.11 87% 18 8 7 88% 20.50 23.03 20.11
LCM8 Lower Mar 95.325 95.450 86.650 87.750 12% 43 19 18 95% 86.650 80.631 87.750
LCQ8 Lower Mar 98.575 98.650 91.600 92.950 19% 43 19 18 95% 91.600 86.597 92.950
JOU8 Lower Mar 134.65 139.50 112.80 115.90 12% 40 18 16 89% 112.80 104.26 115.90
KCN8 Lower Mar 169.05 171.00 128.40 129.95 4% 34 14 13 93% 128.40 117.97 129.95
CCN8 Lower Mar 2789 2983 2271 2349 11% 45 25 21 84% 2271 1971 2349
LBK8 Lower Mar 244.4 246.4 220.2 222.1 7% 34 19 18 95% 220.2 198.7 222.1


Dow Jones Utilities
The #UTIL(Mkt) ended Higher(Cond) for March(Month). Compared to February's 477.50(Prev Close), the market ended March at 479.00(Month Close), that being 47%(Pct Range) off of 466.74(Month Low) to 492.73(Month High).

In comparing the February/March closes for each of the last 38 years(Total Years), Scenario found that the Dow Jones Utilities also closed higher in March than February in 20(Cond Years) of those years. Of those 20, the #UTIL went on to exceed the March high within the next 2 months in 18 years(Action Years) or 90%(Pct) of the time.

Therefore, the historical odds are high that the the #UTIL should exceed 492.73(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 514.70(Average Objective).

S & P 100(OEX)
The #OEX(Mkt) ended Higher(Cond) for March(Month). Compared to February's 613.60(Prev Close), the market ended March at 613.70(Month Close), that being 61%(Pct Range) off of 583.65(Month Low) to 632.95(Month High).

In comparing the February/March closes for each of the last 24 years(Total Years), Scenario found that the S & P 100(OEX) also closed higher in March than February in 16(Cond Years) of those years. Of those 16, the #OEX went on to exceed the March high within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the the #OEX should exceed 632.95(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 665.98(Average Objective).

Russell 2000 Index
The #RUT(Mkt) ended Higher(Cond) for March(Month). Compared to February's 686.20(Prev Close), the market ended March at 687.95(Month Close), that being 71%(Pct Range) off of 643.30(Month Low) to 706.00(Month High).

In comparing the February/March closes for each of the last 29 years(Total Years), Scenario found that the Russell 2000 Index also closed higher in March than February in 20(Cond Years) of those years. Of those 20, the #RUT went on to exceed the March high within the next 2 months in 20 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #RUT should exceed 706.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 741.50(Average Objective).

Value Line Index
The #VLE(Mkt) ended Lower(Cond) for March(Month). Compared to February's 2066.30(Prev Close), the market ended March at 2050.80(Month Close), that being 68%(Pct Range) off of 1930.10(Month Low) to 2107.30(Month High).

In comparing the February/March closes for each of the last 25 years(Total Years), Scenario found that the Value Line Index also closed lower in March than February in 7(Cond Years) of those years. Of those 7, the #VLE went on to penetrate the March low within the next 2 months in 7 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the the #VLE should penetrate 1930.10(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 1852.69(Average Objective).

June S & P 500(CME)
The SPM8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 1333.30(Prev Close), the market ended March at 1324.00(Month Close), that being 66%(Pct Range) off of 1253.10(Month Low) to 1361.00(Month High).

In comparing the February/March closes for each of the last 25 years(Total Years), Scenario found that the June S & P 500(CME) also closed lower in March than February in 8(Cond Years) of those years. Of those 8, SPM went on to penetrate the March low within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the SPM should penetrate 1253.10(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 1211.85(Average Objective).

September Eurodollars(CME)
The EDU8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 97.785(Prev Close), the market ended March at 97.905(Month Close), that being 41%(Pct Range) off of 97.600(Month Low) to 98.335(Month High).

In comparing the February/March closes for each of the last 26 years(Total Years), Scenario found that the September Eurodollars(CME) also closed higher in March than February in 8(Cond Years) of those years. Of those 8, EDU went on to exceed the March high within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the EDU should exceed 98.335(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 98.727(Average Objective).

June US Dollar Index(ICE)
The DXM8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 74.050(Prev Close), the market ended March at 72.165(Month Close), that being 31%(Pct Range) off of 71.205(Month Low) to 74.325(Month High).

In comparing the February/March closes for each of the last 22 years(Total Years), Scenario found that the June US Dollar Index(ICE) also closed lower in March than February in 11(Cond Years) of those years. Of those 11, DXM went on to penetrate the March low within the next 2 months in 11 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the DXM should penetrate 71.205(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 11 years) a potential move toward 68.855(Average Objective).

June Gold(CMX)
The GCM8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 980.0(Prev Close), the market ended March at 921.5(Month Close), that being 10%(Pct Range) off of 909.0(Month Low) to 1038.6(Month High).

In comparing the February/March closes for each of the last 33 years(Total Years), Scenario found that the June Gold(CMX) also closed lower in March than February in 21(Cond Years) of those years. Of those 21, GCM went on to penetrate the March low within the next 2 months in 18 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the GCM should penetrate 909.0(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 870.5(Average Objective).

July Platinum(NYMEX)
The PLN8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 2187.7(Prev Close), the market ended March at 2043.4(Month Close), that being 48%(Pct Range) off of 1806.7(Month Low) to 2299.0(Month High).

In comparing the February/March closes for each of the last 39 years(Total Years), Scenario found that the July Platinum(NYMEX) also closed lower in March than February in 19(Cond Years) of those years. Of those 19, PLN went on to penetrate the March low within the next 2 months in 16 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the PLN should penetrate 1806.7(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 1659.8(Average Objective).

July Copper(CMX)
The HGN8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 384.25(Prev Close), the market ended March at 383.10(Month Close), that being 68%(Pct Range) off of 345.85(Month Low) to 400.70(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the July Copper(CMX) also closed lower in March than February in 11(Cond Years) of those years. Of those 11, HGN went on to penetrate the March low within the next 2 months in 10 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the HGN should penetrate 345.85(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 10 years) a potential move toward 329.34(Average Objective).

July Heating Oil(NYM)
The HON8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 274.34(Prev Close), the market ended March at 284.91(Month Close), that being 48%(Pct Range) off of 269.61(Month Low) to 301.29(Month High).

In comparing the February/March closes for each of the last 28 years(Total Years), Scenario found that the July Heating Oil(NYM) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, HON went on to exceed the March high within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the HON should exceed 301.29(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 327.24(Average Objective).

August Heating Oil(NYM)
The HOQ8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 274.54(Prev Close), the market ended March at 285.21(Month Close), that being 48%(Pct Range) off of 270.08(Month Low) to 301.78(Month High).

In comparing the February/March closes for each of the last 28 years(Total Years), Scenario found that the August Heating Oil(NYM) also closed higher in March than February in 20(Cond Years) of those years. Of those 20, HOQ went on to exceed the March high within the next 2 months in 19 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the HOQ should exceed 301.78(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 19 years) a potential move toward 326.90(Average Objective).

August Gasoline(NYMEX)
The RBQ8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 266.74(Prev Close), the market ended March at 259.86(Month Close), that being 43%(Pct Range) off of 250.00(Month Low) to 273.07(Month High).

In comparing the February/March closes for each of the last 22 years(Total Years), Scenario found that the August Gasoline(NYMEX) also closed lower in March than February in 4(Cond Years) of those years. Of those 4, RBQ went on to penetrate the March low within the next 2 months in 4 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the RBQ should penetrate 250.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 4 years) a potential move toward 234.18(Average Objective).

July Natural Gas(NYM)
The NGN8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 9.545(Prev Close), the market ended March at 10.258(Month Close), that being 83%(Pct Range) off of 8.940(Month Low) to 10.535(Month High).

In comparing the February/March closes for each of the last 17 years(Total Years), Scenario found that the July Natural Gas(NYM) also closed higher in March than February in 13(Cond Years) of those years. Of those 13, NGN went on to exceed the March high within the next 2 months in 13 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NGN should exceed 10.535(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 11.970(Average Objective).

August Natural Gas(NYM)
The NGQ8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 9.595(Prev Close), the market ended March at 10.303(Month Close), that being 81%(Pct Range) off of 9.000(Month Low) to 10.600(Month High).

In comparing the February/March closes for each of the last 17 years(Total Years), Scenario found that the August Natural Gas(NYM) also closed higher in March than February in 13(Cond Years) of those years. Of those 13, NGQ went on to exceed the March high within the next 2 months in 13 years(Action Years) or 100%(Pct) of the time.

Therefore, the historical odds are high that the NGQ should exceed 10.600(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 12.017(Average Objective).

August Soybean Oil(CBOT)
The BOQ8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 69.70(Prev Close), the market ended March at 52.48(Month Close), that being 0%(Pct Range) off of 52.48(Month Low) to 73.17(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the August Soybean Oil(CBOT) also closed lower in March than February in 20(Cond Years) of those years. Of those 20, BOQ went on to penetrate the March low within the next 2 months in 17 years(Action Years) or 85%(Pct) of the time.

Therefore, the historical odds are high that the BOQ should penetrate 52.48(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 17 years) a potential move toward 49.17(Average Objective).

December Soybean Oil(CBOT)
The BOZ8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 70.00(Prev Close), the market ended March at 53.13(Month Close), that being 0%(Pct Range) off of 53.13(Month Low) to 74.00(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the December Soybean Oil(CBOT) also closed lower in March than February in 16(Cond Years) of those years. Of those 16, BOZ went on to penetrate the March low within the next 2 months in 14 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the BOZ should penetrate 53.13(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 14 years) a potential move toward 50.32(Average Objective).

July Corn(CBOT)
The CN8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 568.50(Prev Close), the market ended March at 582.00(Month Close), that being 78%(Pct Range) off of 515.00(Month Low) to 600.75(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the July Corn(CBOT) also closed higher in March than February in 22(Cond Years) of those years. Of those 22, CN went on to exceed the March high within the next 2 months in 20 years(Action Years) or 91%(Pct) of the time.

Therefore, the historical odds are high that the CN should exceed 600.75(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 20 years) a potential move toward 633.15(Average Objective).

December Corn(CBOT)
The CZ8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 564.75(Prev Close), the market ended March at 581.00(Month Close), that being 76%(Pct Range) off of 513.25(Month Low) to 602.00(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the December Corn(CBOT) also closed higher in March than February in 25(Cond Years) of those years. Of those 25, CZ went on to exceed the March high within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the CZ should exceed 602.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 638.49(Average Objective).

July Wheat(MGE)
The MWN8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 1350.00(Prev Close), the market ended March at 1045.00(Month Close), that being 3%(Pct Range) off of 1035.00(Month Low) to 1392.50(Month High).

In comparing the February/March closes for each of the last 27 years(Total Years), Scenario found that the July Wheat(MGE) also closed lower in March than February in 14(Cond Years) of those years. Of those 14, MWN went on to penetrate the March low within the next 2 months in 12 years(Action Years) or 86%(Pct) of the time.

Therefore, the historical odds are high that the MWN should penetrate 1035.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 12 years) a potential move toward 991.63(Average Objective).

December Wheat(MGE)
The MWZ8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 1113.00(Prev Close), the market ended March at 1003.75(Month Close), that being 5%(Pct Range) off of 989.00(Month Low) to 1300.50(Month High).

In comparing the February/March closes for each of the last 27 years(Total Years), Scenario found that the December Wheat(MGE) also closed lower in March than February in 15(Cond Years) of those years. Of those 15, MWZ went on to penetrate the March low within the next 2 months in 13 years(Action Years) or 87%(Pct) of the time.

Therefore, the historical odds are high that the MWZ should penetrate 989.00(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 949.07(Average Objective).

July Rough Rice(CBOT)
The RRN8(Mkt) ended Higher(Cond) for March(Month). Compared to February's 18.34(Prev Close), the market ended March at 20.11(Month Close), that being 87%(Pct Range) off of 17.56(Month Low) to 20.50(Month High).

In comparing the February/March closes for each of the last 18 years(Total Years), Scenario found that the July Rough Rice(CBOT) also closed higher in March than February in 8(Cond Years) of those years. Of those 8, RRN went on to exceed the March high within the next 2 months in 7 years(Action Years) or 88%(Pct) of the time.

Therefore, the historical odds are high that the RRN should exceed 20.50(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 7 years) a potential move toward 23.03(Average Objective).

June Live Cattle(CME)
The LCM8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 95.325(Prev Close), the market ended March at 87.750(Month Close), that being 12%(Pct Range) off of 86.650(Month Low) to 95.450(Month High).

In comparing the February/March closes for each of the last 43 years(Total Years), Scenario found that the June Live Cattle(CME) also closed lower in March than February in 19(Cond Years) of those years. Of those 19, LCM went on to penetrate the March low within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the LCM should penetrate 86.650(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 80.631(Average Objective).

August Live Cattle(CME)
The LCQ8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 98.575(Prev Close), the market ended March at 92.950(Month Close), that being 19%(Pct Range) off of 91.600(Month Low) to 98.650(Month High).

In comparing the February/March closes for each of the last 43 years(Total Years), Scenario found that the August Live Cattle(CME) also closed lower in March than February in 19(Cond Years) of those years. Of those 19, LCQ went on to penetrate the March low within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the LCQ should penetrate 91.600(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 86.597(Average Objective).

September Orange Juice(ICE)
The JOU8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 134.65(Prev Close), the market ended March at 115.90(Month Close), that being 12%(Pct Range) off of 112.80(Month Low) to 139.50(Month High).

In comparing the February/March closes for each of the last 40 years(Total Years), Scenario found that the September Orange Juice(ICE) also closed lower in March than February in 18(Cond Years) of those years. Of those 18, JOU went on to penetrate the March low within the next 2 months in 16 years(Action Years) or 89%(Pct) of the time.

Therefore, the historical odds are high that the JOU should penetrate 112.80(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 16 years) a potential move toward 104.26(Average Objective).

July Coffee "C"(ICE)
The KCN8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 169.05(Prev Close), the market ended March at 129.95(Month Close), that being 4%(Pct Range) off of 128.40(Month Low) to 171.00(Month High).

In comparing the February/March closes for each of the last 34 years(Total Years), Scenario found that the July Coffee "C"(ICE) also closed lower in March than February in 14(Cond Years) of those years. Of those 14, KCN went on to penetrate the March low within the next 2 months in 13 years(Action Years) or 93%(Pct) of the time.

Therefore, the historical odds are high that the KCN should penetrate 128.40(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 13 years) a potential move toward 117.97(Average Objective).

July Cocoa(ICE)
The CCN8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 2789(Prev Close), the market ended March at 2349(Month Close), that being 11%(Pct Range) off of 2271(Month Low) to 2983(Month High).

In comparing the February/March closes for each of the last 45 years(Total Years), Scenario found that the July Cocoa(ICE) also closed lower in March than February in 25(Cond Years) of those years. Of those 25, CCN went on to penetrate the March low within the next 2 months in 21 years(Action Years) or 84%(Pct) of the time.

Therefore, the historical odds are high that the CCN should penetrate 2271(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 21 years) a potential move toward 1971(Average Objective).

May Lumber(CME)
The LBK8(Mkt) ended Lower(Cond) for March(Month). Compared to February's 244.4(Prev Close), the market ended March at 222.1(Month Close), that being 7%(Pct Range) off of 220.2(Month Low) to 246.4(Month High).

In comparing the February/March closes for each of the last 34 years(Total Years), Scenario found that the May Lumber(CME) also closed lower in March than February in 19(Cond Years) of those years. Of those 19, LBK went on to penetrate the March low within the next 2 months in 18 years(Action Years) or 95%(Pct) of the time.

Therefore, the historical odds are high that the LBK should penetrate 220.2(Scenario Objective) by no later than the end of May. If it does so, Scenario would further project (based on normalizing those previous 18 years) a potential move toward 198.7(Average Objective).
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