Posted 5/20/2015 10:56 (#4581640 - in reply to #4580982) Subject: RE: Lines are cool, but market structure rules
DP Pilot:
Good charts.
I think when you look at the first chart that you have and the structure line, you can anticipate that the market will eventually come back to this area. Even though when corn was at 7.00 we were suppose to be trading at new levels. You last little reaction top in the current bear market can be structure when we go to new lows, this will confirm sellers stepped up or could we find a bear trap somewhere. I think your next clues are big volume days and when Sat tells us that there is actually someone willing to buy this thing. I like the Andrews lines and still have much to learn and practice with this. The structure lines if one can recognize them will give you the ability to look at a chart and see very quickly what is going on. I like to complicate things to much, just got to remember to Keep it Simple!
How is the planting going in your area?
Rod
Lines are cool, but market structure rules
