SEON | jreiser - 9/18/2010 06:56
Why 540? All of these markets are feeling like a ticking bomb,
Well.....and I'm no analyst or anything so this is just me talking so take it FWIW. Looking at the Dec10 daily corn chart I see two lows at ~ $5.55 that were made back in Sept 2008. I figure that is the next hurdle. I agree that the price is ripe for a pull back so I said $5.40 because you don't want to be the last guy off the dance floor..........every other tech trader in the world is thinking the same thing.
Wouldn't surprise me to see a price spike on Monday and then a sell off to$4.80. But I'll be the first to tell you I don't know squat. |
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