Posted 8/14/2024 13:47 (#10850955 - in reply to #10850608) Subject: RE: Corn & bean charts. Corn fails key reversal. Beans enter trade war levels
Holland, Indiana (SW IN)
fatan sassy - 8/14/2024 09:39
tink - 8/14/2024 08:23
The last run in corn started here, as shown with the daily and weekly charts.
Reversals are useful when they work. Change of trend often occurs without them.
So true. They are useful WHEN they work.
Which begs the question….are they useful at all?
Or just another “rule” that people wrongly assume has validity?
I used the term "rule" for lack of a better term
IF these signals worked every time I'd be hanging out with my best friend Warren Buffett today
We all have to find something to drive decisions --I'm a farmer
Fundamentals IMO are way too hard
Gut impulses are not very dependable
hard to guess IF prices will be 90% over or 20% under my Cost of production
Hard to pin down our actual production before it's in the bin
I like lines on a bar chart which was created by what happened in the past --
We're still in business --don't work even close to all the time
I'm wrongly assuming validity looking at the past??
BUT what works better?
Fatan sassy "What works well for you??" Criticizing is easy
Corn & bean charts. Corn fails key reversal. Beans enter trade war levels
