corn !! - page 2
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Great analysis to the AG markets keep up the good work
..too bad there aren't much interested in it here
Great analysis to the AG markets keep up the good work
thanks cementman.
p.s.
from the last update till yesterday.the corn price moved ...... +42.5 points
and closed at 438.5 points (zch8)!!
and the break did occured.and wave 3 on his way to 450 area(so i belive)
bingo !!!
++ 451 ++
last close
+46.5% in 5 month !!
another 10% in 2 weeks !!
very strong and impulsive wave.
next possible target 524
(always stand on guard).
the high was 519 !!
the corn now is In a phase of correction / consolidation.
i think the chart attached,is quiet interesting.
it shows that from time to time .
technical analysis does work !!
[the chart is of wheat-38 years 1971-2008]
no question,it's a correction time.
here is updated chart of corn.(h8)
imo,we are in wave C of 4 (so we can expect to see, a decline in price)
& also we can expect to see wave 5 in the area of 550-580
in a bull market like that ?! even the correction are shallow.
wave 5 of 3 is on the move !!
at last.
correction time ?
has w:5 of C ended? a break above 564 will differ the
scenario !!
at last.correction time ? !!
bingo !!
w:4 was irregular correction.
and now w:5 on the move !!
the only question is? in what stage w:5 is ?
if the counting of w:5 is correct ?!
then we will see high prices that never seen before.
w:3 of 5 on the move !!