John Pitera's Market Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Pitera who wrote (846)	4/6/2000 12:15:00 PM
From: Chip McVickar	Read Replies (1) of 33421

John, I printed a corn chart...the May contract. A delayed quote service says it was down to 228 There is a fork off the high in March using the spread that follows. The median line was at 230 for Mon 3rd and the market is following it down. There is a cross of median lines at 225 on 10th-11th 225 is a strong resistance/support line Now....another fork from 8 Nov high using the big spread [nov-mar] it's median line is also right on 225ñ for 10-11th. Every move since January has responded to this Nov 8 fork. This seems to indicate 225ñ is an excellent place to enter. I believe droughts in the US this year will make grains a good buy. Please remember I'm a novice. BTW, can you tell me how the corn contracts work...are they liquid, fast..., slow...? Chip

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next