CORN on the daily chart since late June has fallen to the present level with a
flat or slowly falling support line. I see this as a falling wedge or a flat bottom triangle
slowly setting up a breakout whose upside could be 30% or more. Price had a nice
green engulfing bar to finish a down week in the general markets. CORN does not
follow the general market....
QQQ had a bad day yesterday reacting to adverse financial news with a deep
correction as technology stocks were hit the hardest. On the 15 minute chart,
price dropped to the bottom outer band in the double BB indicator and then
reversed and heading inside both bands and then gapped up in the open of the
premarket session. The dual RSI indicator shows the...