They turned up the volume this week, for sure. Was the crowd listening? Oh, they heard it, but they're still pretty burned. Once again, they will come in chasing, but not quite yet. Another day like today in copper will bring some of the crowd back. At the moment, they stand waiting for a pullback that didn't come last time. Maybe it comes this time? Or maybe not again.
Also, our upside down chart in coffee seems to have gotten it pretty much exactly right so far. Hmmm... Coincidence? Lol! Yes, it is all in the chart, the price flows, and price action. Most only see the tip of the iceberg, and that is fine for them. But all the rest of the information comes when one ducks their head under the water. All of a sudden, one may realize there is more there than once thought. About 90% more. Depth of analysis is not for all, tho. If we weren't pursuing more attractive opportunities, we'd be sellers of coffee here. As it stands, we're waiting to buy in the 80-90 range. If correct, the play could net 20-50 cents per contract over six months or so. It won't be safe, it won't be low risk. As should be apparent, we don't play that particular (safe) game. We prefer to lower risk by doing our homework (which is astonishing to some, suprisingly!!!).
I guess I should not be suprised to find resistance to fundamental analysis on a technical board. This type of speculation is not for everyone. Hell, it isn't even for most. I would say this, tho... for every trader new and experienced, if you have not found your area of supreme talent, look around. If you are good at something and it gives you an advantage, bank on it. No matter what anyone says. Different people are good at different things.
Anyhow, no worries, Tom. Just trying to highlight the "different strokes" sort of thing. It ain't for you, cool. I happen to be pretty good at it, so...
Cheers.