08-27-2013 09:08 PM
Its got three more days to take it out . Its right there 1409 and some change. If nothing else a short term high. I think Time: has spoke about time counts of 18 days in the past maybe he can weigh in here. Sometimes memory fails
08-27-2013 09:34 PM
i think i see what you're saying. 14 days from low to high today falls close enough to the rule of thumb of impulses lasting 3-4 weeks.........in that sense, impulse #1 complete - look for a 25-62% timewise correction. 3.5-8.5 day correction.....yeah it could close gap.
just remember what you were saying about the analogue year of 2003-2004??? might not be over.
08-28-2013 02:54 AM
I haven't forgotten about 2003. The rally started later in 2003 during harvest. Just trying to figure out if this thing is basing now only to explode later or if all the emotion is up front. Just seeing some caution signs but again maybe just a short term top. Where is the old high almost 18 I think , I suppose if this thing is for real we could test it.
Not sure what will happen if the big guns start to fire in the Middle East , maybe a black swan.
08-28-2013 04:13 AM
Without rain, In 14 days these crops are not going to mature. They will be dead. I wouldn't be too worried long term about the top being in. Most bins are empty.....unless grains rally in a big way, these bins are gonna be filled first. End users are going to take what is left . The basis will again have to do the work to get the bin doors opened on down the road.