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Whats got the bean market excited in the overnights?
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jpartner
Posted 12/4/2012 12:01 (#2732445 - in reply to #2732423)
Subject: Re: Whats got the bean market excited in the overnights?


Hi Maydel,
Yep it did. I was trying to illustrate that price had reached the ML, and price had met its objectives. Nothing wrong with your fork either. If I am looking for a controlling swing, then I might likely choose your fork. But if I am trying to measure the immediate momentum in a market, I will be in closer. If that fork had failed to reach its objective, or a mod schiff fork had shown up, it would mean something entirely different to me. But given that context with the gap, bullish structure below, and no 'failure', I couldn't short it...not saying that you couldn't have found something....It's all contained within your plan..
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