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How Do You Sell In A Waterfall Decline?

2/25/2013

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Where does the expression "waterfall decline" come from?  The chart below should quickly answer that question. These are the hardest markets to make meaningful sales in because the market never has a meaningful rally to sell into, and the next drop is looming.  
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The corn and wheat patterns are very similar.  Elliot Wave (a method of charting) would point out that we are in a classic 5 wave decline.  Notice how this worked out on the wheat chart below.  Didn't this happen a year and a half ago?
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I will be posting some corn targets this week on the Opportunity page.
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Steve Wade and Tyler Wade of Wade Assurance are associated persons for AgDairy LLC.

                           Commodity Risk Disclosure Statement

The risk of loss in trading commodity futures contracts can be substantial.  You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Wade Assurance is an equal opportunity insurance provider.
CONTACT US
Steve Wade
swade@wadeassurance.com
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Tyler Wade
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  • Home
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