Friday, September 30, 2011

Corned Beef


New idea: I'm paying attention to the 3-year corn chart since food is really the most basic economic building block.

A triple top formation is playing out right now and so far in the day, corn futures have flopped by about -6.32%.

Can the 50% Fib level indicated below - right about 550 hold - or will we see 2009 levels even on corn?



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