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NW Indiana | You bring up a very valid point and in due respect I will credit Jp, I have always acknowledged a chartist is very good at giving targets. The line you point out was a beautiful target if one was greeting go for the tick. But where we differ is in the belief you can predict where it is going prior to an event. If I told you IA and IL was going to burn up I'm sure you both could lay out a much better target than myself. However to say price is going there no matter the supply and demand is foolish. Yes the market often stretches the fundamental tables but it was going to go this low of the Midwest was burning up. And to say price already knew last winter we were going to have a solid crop is a joke. And if trump cuts a deal get China to buy way more beans and we go test what the hagopian suggests I'm still not going to credit the chart because if he doesn't we won't go there and new lines will be drawn.
Absolutely NO ONE can predict future price. | |
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