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Buxton ND | I wanted to get bullish, at least alittle bit.
I wanted Mr. Market to go buy stop hunting ABOVE 3.50
It DID make a prefect KR, it DID have 2 days a follow thru after, now its turned into a bull trap and has made a "Hangman's Noose" pattern in ZCZ and all the way into next years harvest. Do not make fun of this "Hangman's Noose" its old old school charting in the new age of E-trade and its a near carbon copy of the action confirming THE Top in 2012.
There are some other point blank "goodies" here, just not saying public, here to this is so similar to the top in 2012. Sorry to say 3.50 does look to have become the old 4.50 and a failed rally at yesterday high of 3.492
The morning export news in corn was BULLISH Like as in 102. mb BULLISH with 81 new crop that's one for the top 5-6 sales weeks in history and we crash a dime. BUY the rumor/SALE the fact, see how this stuff really works. Yet these export sales "News" lights up Twitter like a dam Christmas tree.
Bean same deal, same tweets of 80 mb sold all from exports made the 5 days prior to 9-29 Will add in listen to what ever farm market radio today, you'll hear about these awesome exports sales all day long.
Wheat, wanna know what happened yesterday in wheat ??? Look this morning daily exports sales, this is different then weekly exports. | |
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Corn, you filthy animal!!
