Hi Trades, Wayne,

Corn chart question:
I'm looking at a 4 year weekly and/or daily. The all time high was about 766 on 6/30/2008.

Looks like we are pretty close to that today. It hit 770.5 and closed at 765.25.

How much weight to you put on that 766 level as a resistance to be reckoned with ??

Also, as a nit pick, if you wanted to refer to/use the "high of 2008" which would you use ? The highest high or the highest close ??

Reason: They are about 10 points apart and which number would you use for a possible resistance level for the current situation ??

Would you consider that 2008 number at all ?? I might be inclined to discard that spike up as an aberration of the "wall street monkey business" of the time and/or the flooding that occurred then and not really indicative of realistic trading ?? [Chase me on this.]

I got sidetracked on these questions while looking to create a chart for Corn similar to what Wayne did earlier today for beans.

Thanks, Lee