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Chart damage?
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jpartner
Posted 8/19/2013 17:52 (#3276373 - in reply to #3276343)
Subject: Re: Chart damage?


I would be willing to sell you everything I can grow for $6.....anything above that you can have!.....seriously though, a standard mini pendulum pullback would give us a rally to 5.05 ish. The major dec pullback should put price at 5.90z. There are tons of problems between here and there, not to mention, the trend is down. I want new highs in corn as much as anybody else, but the bull died with the major structure being broken last month...Wishin and hopin for new highs this marketing year will likely end up being disappointing. Lots of room for rallies, not arguing that, but just keep it in perspective...IMHO.

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