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Central Missouri | It doesn’t matter who the market participants are. As time marches forward those change. What doesn’t change is capital flows and human reaction to all of the market forces. Every price chart has a vertical side on the left of price and a horizontal axis below of time. Time is the most important because there is a time for everything under the sun, a time to live and a time to die, a time to ......, and in commodity markets there is time for price to do certain things. In nature there are 360 degrees of a lot of things, the compass, the days of the year plus a few. That time is chopped into segments, 60 seconds in a minute, 60 minutes in an hour, 24 hours in a day, 1440 minutes in a day, 720 hours in a month, 12 months in a year. All numbers in the 360 deal. It’s how God created nature to work. I don’t understand it all but it has a big influence on nature and human beings. 60 is 1/6 of the 360. 1960 is 60 years ago. It so happens that this years beans appear to be trading very similiar price and time wise as 1960. This was identified by Gann Global at least 10 months ago. He said then that soy oil would probably lead thus why I started paying attention to it at the time. I will try to find the chart comparison that I posted months ago with the similarities of 1960 and 2020.
Finally found it, I will try to update it. Notice I first posted it back in February.
The last chart is an updated weekly to show where we are at today. Only time will tell if 2020 plays out similar to 1960-61. Time is on our side it seems to me. Has been for 10 months now.
Edited by ehoff 10/1/2020 05:40
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