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The “Power of the Pattern” suggested a two-thirds odds that Grain prices would decline in the chart above….dated June 16th.
Anyone notice that the July Corn contract is down over 10% today and the July Wheat futures are down over 8%.
The quiz of June 16th was titled “wow what an opportunity” due to the huge rising wedges (See post here) AGA is doing pretty well since the quiz!
Remember that when grain prices started falling hard in 2008…so did stocks (see post here)
WOW.. good call ..
Thank to your post I was short 2 contract on Corn; closed one today at bottom (-30 points) , the other open to run.
Thanks a lot Chris