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| I was just looking at a Dec 07 corn chart and noticed the consolidation the last 3 weeks. Is this what they call a pennant formation? It looks to me like it will break out of that triangle. Now if I knew if it was going to break out up or down. Any chartists out there have an opinion? I can't seem to pull the trigger on this new crop corn. It seems to me that everyone is aggressively selling 07 and maybe even 08 and 09. My brain tells me this is the right thing to do also but my gut tells me that the market never allows that many people to be correct. Thoughts? | |
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Consolidating Chart?
