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dec 17 fork
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jpartner
Posted 6/8/2017 22:38 (#6061394 - in reply to #6061275)
Subject: RE: dec 17 fork


KevinM - 6/8/2017 21:46 Thanks for the chart Mike. What is SP and why is it important? BTW I'm not too bullish but some whose opinion I respect are friendly corn price.

Hi KevinM,

You are welcome.  Lots of reasons to be friendly corn.  But price cannot be forced and will do it when it's ready - not when we are.

SP is simply a sliding parallel.  It is a line drawn with the same frequency as the ML and attached to the pivots inside the fork. It is simply a way to gauge the relative strength of price by comparing it to the line.  A market that exceeds the line is suggesting a market that is healthy and that the trend is likely to continue - vice versa - one that fails to do what it has before, is telling you its tired, and a pullback is imminent.  By following along, often you get tips that the trend is about to swap way before the general market gets it.

Take Care



Edited by jpartner 6/8/2017 22:38
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