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SW MN and Gold Canyon AZ | Just take a high ($5.40 DEC corn) and subtract the recent low $4.85 you get .55 ------
A 50% retracement would be .275 add the .275 to the $4.85 and you get $5.12 as the 50% retracement level . DTN machines have it as one of the technicals you can draw on charts. I do it manually as I haven't found it on the internet either.
Ussually the market gives you a second chance and the 50% retracement level is always seems a good place to sell something. You would be surprized to see how many times the charts give you this second chance. Look back on some charts and do the math. | |
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Gut Feel & Nose
