Posted 11/15/2012 22:56 (#2699695 - in reply to #2699643) Subject: Re: Beans history (Sat)
Very good point Jpartner thanks for the input! that was what I was looking for.
That shift is one of the reasons I think the lower quartile will offer support now. I have seen that move on daily bean charts and a bounce off the quartile has caught me off guard before. Like you said could be a shift and/or a loss of energy.
I noticed that the bounces began UML to LML then just to the ML and LML. I would guess it will coil in the bottom now before exiting. Then I would have to find a downslope fork to read the forward price. Cannot use it for trading because my pockets are not deep enough.... but I am beginning to realize the importance of it in my long term planning.