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Re: quite late in advising to sell corn/Roger

In defense, I understood what he was saying in this post.

I looked back at the weekly chart to the high. it is at 7.99 put in the week of 6-10-11 based on whatever the front month was at that time (july).

My weekly chart has(back then) a formation that I call and evil sister (a backwards 1,2,3 pattern). The evil sister often is the top of a trend. in this case it not only is, but it is a pattern inside a larger 1,2,3 reversal pattern. That pattern appears to be failing though. however, the recent drops in price were easily tradable by people who are familiar with the patterns. They are generally the first thing they teach after trend lines and support and resistance lines when you take the courses at the CME.

If you go back to the time frame he's talking about, you will see the very next week the price dropped and broke the 18 wekk MA. if you have been paying attention to any of my posts you will know that is one of my primary set ups (called a cross over) that tells me a new trend direction is about to be in place.

So calling a top at that point isn't anything all that spectacular. The signs were there according to a variety of methods. Heck, even that 7-10 numb nut could have called it.

Messages In This Thread

quite late in advising to sell corn *LINK*
Re: quite late in advising to sell corn/Roger
Re: quite late in advising to sell corn/Roger
Re: quite late in advising to sell corn/Roger
Re: quite late in advising to sell corn/Roger/Doc
it's simple to understand
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Re: it's simple to understand/Trades
Re: it's simple to understand/Lee
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Re: it's simple to understand/Lee/Trades/Gian
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Shakespeare / Trades
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Re: Shakespeare / Trades *LINK*
everything is in plain sight
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Re: everything is in plain sight *LINK*
Mr. West
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Re: it's simple to understand/Roger
Re: quite late in advising to sell corn
Re: quite late in advising to sell corn
Re: quite late in advising to sell corn/Roger
Re: quite late in advising to sell corn/Roger
OK it' my turn
Re: OK it' my turn - lol *NM*
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Re: quite late in advising to sell corn - roger
Re: quite late in advising to sell corn - roger
Re: quite late in advising to sell corn - roger
Re: quite late in advising to sell corn - roger