| Pitt - 3/28/2018 09:42
Thanks JP.
The "Big Downsloper on the beans is what I clue into and as I see it we beached it to the upside and then retested the line. I believe we continue higher and do not test the lower line as your hagopian suggest. but I guess time will tell. If it does go to your line I guess that would be considered a bear trap and we will see much higher prices sooner than later.
On the corn I fine it interesting how you determined the downslope based of of the forks. It looks like corn needs to drop to the downslope to achieve the completion before we head higher.
I am glad that you used the monthly as it demonstrates to farmers that to really see the big picture you have to go to that long term chart. I believe it is important to look at the daily, weekly, monthly, and even the 5 minute chart of any commodity.
Hi Pitt,
I apologize for not making that clear. I was not suggesting that price would retest the UML and the hagopian. I was just illustrating the forces at work. Nothing more.
There is so much frequency on a chart. But you don't have to have any special talents. Draw the median line and use the frequency suggested within. Pretty stupid simple and you don't need to get caught up in all the others.
We have stated countless times that when price turns at a pivot that where it is going is already determined. It has frequency, and all the energy it every going to have. And the same frequency in control today is the same one when the top was created in 2012....and it will likely remain one the dominant frequencies for at least the next decade......And it's all about the weather......
Take Care |
A $5 and $12 investigation......(warning chart heavy)
