Since the low of 2008 soy complex witnessed an advance to the tune of 70.7%. The volatile and flambouyant last leg of advance has potrayed a negative divergence in the longer term technical oscillators. With marking the eliott wave count prices have concluded a significant peak at the Feb'11 highs in CME Soy complex. Hence possibility of a subsequent vibrant downside leg would be shortly in action.Expect the same to remain until the end of July'11 or subsequent. I feel no need to wait and watch signals are strong for a bear market.