Posted 5/6/2008 20:17 (#372608) Subject: Triple top and RSI divergence DEC corn
SW MN and Gold Canyon AZ
RSI is declining in a steady market. Distinct triple top on DEC corn chart. We have traded over $6.30 many many times only to drop back from that area. Corn seems PRICED at this level. There are no willing buyers above the $6.30. I think this is a very good area to buy puts. It will take a weather scare to break above $6.30. The market seems content with planting progress.
Triple top and RSI divergence DEC corn
