InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,304.72
(
0.70%
)
US TECH 100
18,318.00
(
0.95%
)
Dow Jones
39,069.59
(
0.01%
)
Brent Oil
81.97
(
0.00%
)
Bitcoin
69,094.44
(
0.82%
)
Post# of 51788
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

techcharter

Send PM Follow Ignore
Followers 24
Posts 2281
Boards Moderated 0
Alias Born 06/03/2004

techcharter

Re: None

Friday, 08/10/2012 7:05:29 PM

Friday, August 10, 2012 7:05:29 PM

Post# of 51788
CORN Short Term

Late July to Early August 2012 a triangle formed. I don't know what degree it represents (wave 4, or B), but it always occurs before the last wave of larger degree.

Relative Strength Indicator has formed a negative divergence with CORN over the last 4 weeks. This is a good indicator a top is forming, in this case at least a short term pullback.

Volume has also been drying up the last 4 weeks.

Stochastics have been overbought for several weeks and look to be heading lower.

Downside ahead.

http://stockcharts.com/h-sc/ui?s=$CORN&p=D&yr=0&mn=6&dy=0&id=p96437114032
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up