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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (39140)10/19/2012 6:36:05 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 218924
 
The weekly chart for corn looks promising... the only thing that could take corn down is a stronger dollar, but that almost goes without saying...



GZ



To: Keith Feral who wrote (39140)10/19/2012 9:48:39 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 218924
 
25 years ago today was the Monday crash of 1987, DOW down 518 points without looking back... although I wasn't using my model at the time, it was short from three days earlier...

GZ



To: Keith Feral who wrote (39140)10/19/2012 10:12:37 AM
From: SGJ  Respond to of 218924
 
I'm only saying I'm 90% sure the low is in for the year. The low I refer to is 705 in the DEC contract. Historic devastated supply and 60 year commodity cycle reversals are my main reasons. I'm watching for a break of 776 now, that should set off a new bull leg. I realize that we are in the historic bearish season for grains, and so a drift back down to the 705 low would not surprise.


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