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NW Indiana | Fundamentals turned the most bullish on the low. Most people view it as peak bearish but if you think about it actually it is the time the fundamentals are the most bullish going forward. Fundamentals said corn was way over priced at 7.50 or so in 2012. Money flows and euphoria took it to the final destination. $9-10 corn talk was ridiculous. What end user could pay that? Fundamentals don’t lag long. Charts are what tells a past story. You can even look at a bar and see a date associated with it. I’ve yet to see one showing the future | |
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