| Bonpas - 6/18/2018 10:32
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."
Well I will bite. Charts never wrong. They are 100 percent accurate both in the past and the future. The problem with the future lies between the ears of the chart observer. You should never hear the chart was wrong, instead you should hear 'I was wrong" .
Take care |
where is support for corn and soybeans.........
