Date of this Version
This is the sixth of nine NebGuides designed to aid producers in starting to use technical analysis in their marketing plan.
Among the most frustrating aspects of marketing are missed opportunities for good prices. These occur because producers becoming overly optimistic. This optimism stems from the belief that a bull market will keep going up.
Ultimately, the market does change direction -- it does so many times before the producer has priced his crop. This NebGuide examines where to draw additional support and resistance lines beyond the support and resistance trend lines explained in the second NebGuide in this series. Some "will the market give me another chance" possibilities also are explored.