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Top of the Rally or time to buy?
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cainfarmer
Posted 7/1/2015 12:13 (#4656036 - in reply to #4656028)
Subject: RE: Top of the Rally or time to buy?



SE Nebraska

tex - 7/1/2015 11:07 Expected farmer selling after a quick runup. Can not blame anyone for selling after this kind of move. But this was not just explosive short covering as it took out six months of lazy day trading. We are running out of realestate to ding. Nobody seems to care that southern states had a recrd year last year and this year is a bust. Add to that the problems in missouri,indiana,ohio, illinois. It is goimg to be hard for iowa and minnosota to carry the load. It will be interesting to see what happens after the 4th of July holiday. Could be due for a high pressure ridge scare at some point. This reminds me of what a n old trader used to say on this kind of move. He used to say did you see what it did, that was always a good clue that there would be more of the same to come after consolidation flushes out.

 

Nebraska is in a little trouble as well. No one mentions that.

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