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SESD | Charts let you know how people voted with their money that day, week, month etc and really just show the emotion of a market for a given time frame. Since Jan 14th, the daily old crop corn chart is mostly posting lower highs and lower lows. The recovery today hasn't changed this pattern yet and we are still trading under the Jan 12 report high at the moment. Seems counter intuitive given all the positive fundamental info everyone is referencing and knows to be true. What could go wrong ? | |
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