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Higher lows & higher highs :Dec Corn
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No_Till
Posted 9/24/2010 15:55 (#1372692 - in reply to #1372685)
Subject: Re: Higher lows & higher highs :Dec Corn



I'm with you on the blow off top theary. My thinking is that there is a lot of room at the top yet. This is a lot differant than the Summer markets based on hot weather and the top is put in on overrection of possible crop damge. The market pretty much sleeping all summer and now there is definite yield damage incurred in a large demand base market. We need to go higher and quicker for a blow off top to happen. At todays prices demand has not slowed and when the market realizes it then we'll go higher quicker. Nothin says we won't have another crop the same. Perhaps the market won't top till June. Then it'll blow off at the signs of a hot summer. Stand back this could get really big!

Edited by No_Till 9/24/2010 16:01
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