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Whats got the bean market excited in the overnights?
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maydel
Posted 12/3/2012 14:43 (#2730745 - in reply to #2729460)
Subject: Sat my bearish charts....


Theodore, Saskatchewan
Yes sat it is testing the downtrend line, and there is selling tops on the daily chart.......

More concerning would be some of the forks I made....

I just made a fork on the daily chart that is concerning seeing as it has reached the median line and likely place for reversal.....

The last time it moved down it reached the median line of a very steep fork.....

And the projection this time would be the 1300 area.....

And I will look to jpartner to shed some light on the 60 min chart I already posted where the price was unable to reach the upper line today..... perhaps he has some bearish signs to share



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Attachments Fullscreen capture 03122012 13710 PM.jpg (79KB - 34 downloads)
Attachments Fullscreen capture 03122012 12940 PM.jpg (77KB - 39 downloads)
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