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Central Missouri | The market is human emotion and money flow. The only thing the 2014 market needed to act like 2004 was a similar production type year and that has unfolded. So think forward, if this so far has been similar to 2004 when will that similarity change and what will cause it or will this thing roll forward and 2015 will look like 2005? The first step in that process is when will the harvest low be made and and at what price level? No one can answer that for sure but odds can be put in your favor. Then what is the most probable price direction and levels from say Jan 1 to say Mar 15. Then what month or months give the best odds of a spring high.. Start trying to draw a roadmap in price and time using what is known now, like the 2004 chart, and then look for analogous chart years and study what happened those years. Slap the macd on top of that and the odds start getting better. jmo
Edited by ehoff 8/26/2014 06:59
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2004 vs 2014 Corn
