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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday 28 August 2011

Corn at 760

I posted a long term chart a week ago.Here is September contract.Looks like a test of the high (which was almost Gann 100% off low resistance.)Possible we see a false break.Obviously we could keep going so the trade is to wait for a reversal (or buy a breakout)  Low 386,high 764 2xlow =772

Another way to look at this - 1 year move (360 degrees) and  400 + 360= 760


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