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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Texas77 who wrote (44163)	3/12/2001 11:06:39 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Dave, Do you trade the Grains a lot....? The weekly charts on corn using pitchforks and fibs show that 212^4 as an important area. Daily charts (March)aren't Bad, with solid support at 212^4, but if this area is broken the price could easily see 207^4. Volume has dropped off on the daily chart, I believe traders are waiting for some crop planting reports or other fundamental news. I like the grain markets to move higher, but this seems a little early to enter. Wheat had a small rally, but still not moved out of a trading range, with no trend established yet.