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Re: May Corn/Plunges Again/At Next Support/Trades

Hi Trades,

Thanks !!

I avoided mentioning 640. It didn't seem to offer much support or resistance on 3/16 but if you look at a 10 min. chart and shorter you can see the battling going on at that level for a bit.

How do you interpret Challengers post:???
Hi Trades , She closed very close to the 618 and opened at 618 . very important number . she better hold . if not 1/2 of 618 = 309 . on the other side she has much further to go "
Sounds like he is suggesting that if 618 doesn't hold the end of the train ride down is at 309 [I add, with visits/pauses at the support levels on the way ???]

THEN, if 618 holds, there is a lot of room to go on the "up side" .....

That's how I interpret it. Thought I would ask how you interpret his statement before asking him. [Maybe he will see this and comment.]

You mentioned "there is a lot of support at 608". What are you looking at (seeing) that brings you to that conclusion ??

Will put thoughts on next trade entry possibilities in a separate post.

Thanks, Lee

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Re: May Corn/Plunges Again/At Next Support/Trades