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Understanding chart signals
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Sat
Posted 5/3/2016 21:38 (#5281091 - in reply to #5281033)
Subject: RE: Understanding chart signals


Buxton ND
Your doing it just right.
A KR in beans would have been closing below yesterday low of 10.204
It did make a reversal, making a higher high then yesterday's and closing lower, yesterday close was 10.436 today close was 10.30 I'd call that a major reversal by .14 high volume reversal BTW. IMO that's enough of a charty techy sign to make that 270k of spec long nervous.

OI is up roughly 500 contracts from this weeks trade making a pretty safe beat to say no or very few net NEW long buy beans so far this week. That's another little ear perk in my book.
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