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SEIL | I am sure you are not too old to learn about charting.
I can sum charting up in one statement: There are no charts that can accurately predict the direction of any commodity market prices.
I will admit charts have the ability to be a self fulfilling prophecy but since we pulled out of the 80's, I can name more people that have went broke charting (one) than not charting (none).
When/if we go to $5 corn there will be some that say, "The charts told you so."
When/if we go to $2.50 corn there will be some that say. "The charts told you so."
I am still waiting for a chartist to say, "The charts are wrong on X, Y and/or Z." Also still waiting for Obama to say, "I was NEVER going to close Guantonimo Bay. I was just lying for votes." Also still waiting for Trump to say, "Mexico was NEVER going to buy as a wall. I was lying for votes." | |
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where is support for corn and soybeans.........
