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TFC Commodity Trading Forum

Re: Corn prices higher/Limitup/Trades
In Response To: Re: Corn prices higher/Limitup ()


I never said charts are not a snap shot of what is going on. I use them on a daily basis. My point is that, when big news (weather, reports) hits the markets...the emotion can totally destroy support and resistance. During corn pollination and soybean pod setting stage...anything can happen. A chartist must stay away from a weather market...this is where God makes the price decisions....not all traders looking at the same chart. This is not the 60s when corn had a 20 cent limit.