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Advisor

Weekly front month Sobering head and shoulders projection

From the top to neckline is 18-14 and points to 10 gap over extension point to any 4 dollars decline settling at 6 dollars. Snap your chin strap on tight.
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17 Replies
Advisor

Re: Weekly front month Sobering head and shoulders projection

March contract beans
12.90 high-9.70 measuring gap equals 3.20 move
9.70-3.20 equals 6.50 from measuring gap

Tighten chinstrap up tighter yet.
Hedge fund happy and fat
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Veteran Advisor

Re: Weekly front month Sobering head and shoulders projection

Are we talking about a chart or commodity?

Beans at 6.50

Something is very very wrong

A farmer wanting things to go that low

And happy about it.

I believe your family needs to seriously consider a 23 hour observation admit
At the special care unit at the hospital.

This is just plain sick

According to all the real data, beans that
low is insane.

This is no longer a market......to be honest
I don't know what it is, but the words
I am thinking, I can't make myself type.
Advisor

Re: Weekly front month Sobering head and shoulders projection

It is the complete insane opposite to 8 dollar corn and 18 dollar beans. I am not cheering it on I am just reading to results of the chart.😞🐼
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Advisor

Re: Weekly front month Sobering head and shoulders projection

18 multiplied by .62 minus 18 is 6.80
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Advisor

Re: Weekly front month Sobering head and shoulders projection

18 multiplied by .44 is 7.90 or 8. The next support level is 8 if it stops that we head to 6.50. Come on guys the crop is fricken huge. Peak corn turned into corn peaks and lots of them.
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Veteran Advisor

Re: Weekly front month Sobering head and shoulders projection

Pray tell.....just what are you using for
These huge productions.

From just about every source I have, there
is more and more doubt on the size, and
There is broad agreement, no record crop.

Maybe we should do a poll here, from
All those people here who see the crops,
What is their opinion?
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Veteran Contributor

Re: Weekly front month Sobering head and shoulders projection

There ya go!  Let's do a poll on here?  How could that be challenged as anything thing but accurate?!  A 38% correction off the contract high on November beans is $8.18 (contract high at $13.33).  Elcheapo, your "other sources" hang at the same coffee shop?   

 

P.S.  VR be careful starting a thread and leading the way with an overwhelming number of responses.  There is another person struggling with reality that does that alot on here!   

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Advisor

Re: Weekly front month Sobering head and shoulders projection

Post a chart Vince
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Advisor

Re: Weekly front month Sobering head and shoulders projection

Cycloe I don't want to sound like a crazy cat lady but I just had a huge amount of technical to go through.😁🐼
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