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| Where ta hecks the chartist anymore on this site? Cant believe no-ones talking about the weekly reversals of the past week-Backed by big volume-Maybe Conan made a quick reference to it earlier-Those bull blinders are sure hard to take off I guess -Have always said-Reversals always need to be taken in context in price and time-And also daily /weekly and monthly have ascending import-Well here we got the weekly reversals in an important area of price-corn=At the summer 16 highs-Beans=The winter 17 highs-Ok now for time-Corn and beans tend to rally into the June/ July first time frame on uncertainty of the crop-Well here we reversed right on cue-All I'm saying is don't be lulled by all the bullish crop is shot fundamental bs ya hear on here-every year at this time-Its always the same thing-Year after year-The auction of price is telling a different story-Looks like its time to get that sell on-Gimme a daily close above last weeks highs and ill bull up-That will mean that the crop has been truly damaged by the weather- History says that this only the annual weather scare-Untill then-Will be a seller-We haven't beat the great 2012 bear in the rows yet (maybe wheat) Downslope could be suprising
Edited by Fishguts2 7/15/2017 22:39
 (weekly new corn.jpg)
 (weekly new beans.jpg)
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 weekly new corn.jpg (75KB - 93 downloads)
weekly new beans.jpg (75KB - 87 downloads)
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Row Crops
