Here is another use of DT.
- Assumption: the technician believes that a certain pattern/waves will unfold.
- Once unfolded and CONFIRMED ( not violated, which will cause an impulsive movement in the opposite direction from the supposed one) will likely propel price to a certain direction level.
- So far just a long and time consuming ratios among different legs of the waves would have supported the technician.
- Now with DT I can verify if the INTUITION on long term ( and therefore on a higher , MAJOR DEGREE) is somehow plausible.
Take a look to the armonicity and to this ipothesys on WH6 ( WHEAT MARCH 06) verified "boldly" with the PROFILE and do not forget to monitor it from time to time .
If all lines up correctly Set should show up around eraly-mid February
Fabrizio,
What do "armonicity" and "ipothesys" mean?
Jeff
Jeff Wrote:Fabrizio,
What do "armonicity" and "ipothesys" mean?
Jeff
Jeff
"Harmonicity mispelled = harmonyc = harmony ( prices react with "harmony "to certain levels and /or points)
ipothesys mispelled = hypothesis
[align='left'][align='left']Thursday, January 12, 2006[/align][/align]
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[FONT="]Wheat: [/FONT][FONT="]Futures closed higher on light volume fund buying. Traders were getting ready for the USDA reports. This morning, USDA estimated Winter Wheat planted area at 41.367 million acres, up 2% from last year. This includes 29.9 million acres of Hard Red Winter Wheat, 8.3 million acres of Soft Red Winter Wheat, and 4.2 acres of White Wheat. Ending stocks were projected at 542 million bushels. Quarterly stocks were estimated at 1.429 million bushels. World ending stocks were estimated at 144.7 million tons, from 143.4 million in December. Traders expected planted area for Winter Wheat to be near 42.4 million acres, with much of the gain seen in Soft Red Winter. In contrast, hard Red Winter area was only forecast to increase 3% from last year. Ending stocks were estimated at 522 million bushels. Quarterly stocks were estimated at 1.418 billion bushels. USDA said that net export sales were 342,000 tons this year and 0 tons next year. Price action has been poor and implies that the market will stay in the longer term trading range. However, weather remains less than ideal for best production potential, especially for Hard Red Winter Wheat. The southern Great Plains have been warm but very dry. The [/FONT][FONT="]Great Plains[/FONT][FONT="] should see dry weather in the south, but some rain and snow in the north off and on this week and this weekend. Temperatures should average above normal. The Northern Plains and [/FONT][FONT="]Canada[/FONT][FONT="] will be mostly dry or will get light precipitation and will see near to above normal temperatures through the weekend. [/FONT][FONT="]Midwest[/FONT][FONT="] areas should see mostly dry conditions. Temperatures should average above normal. Trends in [/FONT][FONT="]Chicago[/FONT][FONT="] are mixed to down [/FONT]
01/13/2006
Wh6 Pit
chart Update
Tuesday, January 17, 2006
Wheat: Futures closed higher on fund buying. Trading came in reaction t continued dry weather in the southern Great Plains as much as I follow through buying from the USDA reports. Weather remains less than ideal for best production potential, especially for Hard Red Winter Wheat. The southern Great Plains have been warm and very dry. Weekend weather did feature some precipitation in affected areas, but the best rains fell to the east. The Great Plains should see mostly dry weather. Temperatures should average above normal. The Northern Plains and Canada will be mostly dry or will get light precipitation and will see near to above normal temperatures through the weekend. Midwest areas should see precipitation today and again this weekend. Temperatures should average above normal. Trends in Chicago are mixed to down with objectives of 314 March
.......fjf
If verithing goes right we will have to buy it @ D
fabrizio Wrote:.......fjf
If everithing goes right we will have to buy it @ D
Either Straight future or - my choice - CALL .
Strike + Duration will be posted furtherly
fabrizio Wrote:Either Straight future or - my choice - CALL .
Strike + Duration will be posted furtherly
The new DT OF W do not permit a safe level of entry.
Technically:
- Double Top has been sold
- Very Unlikely will get back to "D" as safe entry point
- New SAFE ENTRY will be likely Higher
Seems like We missed the right entry.
This level is to high for a safe trade and the speculative massive action of Funds makes the whole scenario unclear to us though definitively pointing NORTH.
Situation isn't changed ( dry and temp above ave)
As usually DT didn't missed the move , as can be easily detected from PROFILE
THIS COULD BE CLOSE TO THE tOP
.........................
Too weak Profile.
We don't take this entry either.
Maybe wrong but waiting lower supports.
Timing ( as I said We expected by Mid Feb) is right , but doesn't smell good, neither vlooks good.
Old says : "Better be sorry to be out than be sorry to be in"
Climate is improving
fabrizio Wrote:Here is another use of DT.
- Assumption: the technician believes that a certain pattern/waves will unfold.
- Once unfolded and CONFIRMED ( not violated, which will cause an impulsive movement in the opposite direction from the supposed one) will likely propel price to a certain direction level.
- So far just a long and time consuming ratios among different legs of the waves would have supported the technician.
- Now with DT I can verify if the INTUITION on long term ( and therefore on a higher , MAJOR DEGREE) is somehow plausible.
Take a look to the armonicity and to this ipothesys on WH6 ( WHEAT MARCH 06) verified "boldly" with the PROFILE and do not forget to monitor it from time to time .
If all lines up correctly Set should show up around eraly-mid February
The Entry was not the one we liked ( was better a 35 or 36 ) but we where right supported by DT.
Here The trail is tight.
Calls were too expensive so the straight future was the only solution.
Time was forecasted by Mid February. Yesterday was the 15th
.the wide bars suggests force but the consistently decreasing volumes are an alarm ............................