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Northwest Iowa | I was just going to remark as to how informative this thread was until Case came in with his comments. I guess it still is good with great dialog. Interesting as technicians may use many different types of analysis but still come up with similar outcomes. Not sure of the ensuing high, should be above the 4.50 area on the monthly chart before a drop to lower lows ( under 3.01) to finish the bear market. Elliot wave will label this a "B wave" or large correction in a larger bear market. 260 was mentioned as a final target along with 2.75. My mentor Monte, would talk about how important $2.721/2 was in corn when we were learning in the 80s. Weekly closes above or below that number would indicate strength or weakness. That that number comes back into play is more than coincidental. I was thinking final lows would come in 2019-2020 corresponding with the next 5.5 year cycle low. Century thought later than that and it is absolutely possible. | |
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