Agriculture Stocks - Prices Re-Set
#1
Posted 04 September 2011 - 01:09 PM
http://stockcharts.com/c-sc/sc?s=$GKX&p=D&yr=2&mn=0&dy=0&i=p31539035473&a=209399600&r=779.png
Reset Complete and now rolling over! Now looking to accumulate IT positions on this swing!
http://stockcharts.com/c-sc/sc?s=$GKX&p=W&yr=11&mn=0&dy=0&i=p87382299246&a=190045143&r=610.png
Critical period ahead for Ags - Handle complete or another downswing to 38.2% FIB? Time to begin accumulation of the usual suspects - based on individual charts (RJA, DBA, GRU, MOO, etc)
http://stockcharts.com/c-sc/sc?s=$GKX&p=M&st=1996-01-01&en=2011-12-31&i=p70049695674&a=190045142&r=761.png
stubaby
#3
Posted 04 September 2011 - 03:09 PM
stubaby
Thanks for the Ag update. I own RJA and have been waiting for another pullback to add to my position. Looks like I over waited.
Best to you.
Nope - your timing is perfect!
http://stockcharts.c...7831&r=2824.png
http://stockcharts.c...7817&r=4835.png
http://stockcharts.c...3618&r=8390.png
stubaby
#4
Posted 04 September 2011 - 06:54 PM
#5
Posted 04 September 2011 - 07:34 PM
hard to see anything very bearish even st in thos e chart
note the bullish weekly macd cross
dougie:
Had the 'same' set-up in 2008 and MACD cross was just a 're-set' before a final (and brutal might I add) Final leg down! A lot, of course, depends on the US Dollar for the Ags (not the same disconnect we see in GOLD).
Need to be careful here and NOT over-commit to the sector yet - let it "prove itself" - there's plenty of upside on the next swing! (think Gold AFTER this run is complete and we are in the throws of a WAVE 2 correction that is ending or nearly so).
stubaby
#6
Posted 04 September 2011 - 09:41 PM
#7
Posted 05 September 2011 - 10:08 AM
#8
Posted 12 September 2011 - 12:00 PM
http://stockcharts.c...18502&r=236.png
http://stockcharts.c...17813&r=194.png
http://stockcharts.c...04095&r=187.png
stubaby
#9
Posted 12 September 2011 - 01:33 PM
#10
Posted 12 September 2011 - 02:21 PM
you like dba more than rja
dougie:
I now own both - RJA was an add-on from last year so it's a "core" for me - DBA today was a starter position, but will add on the next swing higher.
stubaby