Market rally over or just starting?

Here are a look at a couple of charts; as I ask questions like should one sell the rally or buy the break.  Is the present commodity price up move nearly over or just getting going?  Have we seen the highs on old crop corn, near crop corn, wheat, soybeans, crude........the low in the dollar in? 

Here are some charts that might help you with your opinion of the above; as for me; I will stay on the neutral side and leave things with a statement.  You don't go broke making sales that make $ense.  So from a risk managment grain marketing plan prospective nothing wrong with making a profitable sale.

As for the other questions; my view is that maybe old crop corn has a little story left in it; but personally I think any additional rally in some of the other grains will be much slower and harder then the rally we seen this past week.  Meaning a rally to new highs can be done but I am leaning towards the bearish side; which might prove wrong as the past week I don't think anyone would have wanted to stand in front of the freight train we have seen for wheat, corn, and soybeans. 

Here are some charts showing some technical points of interest.

Charts for Grains - Corn, MPLS Wheat, CBOT Wheat, Soybeans, Spread Charts 5-27-11

Here are some various charts with various studies including the Tee Line - 8 Day Expontial Moving Average, Stochastics and various trend lines.


Also make sure to check on DTN's charts from Newsom on the Market at

http://www.dtn.com/ag/assets/thegatheringstorm.pdf


Last but not least is a copy of our MWC Marketing Hour Roundtable mock trading spreadsheet. 

Below is a copy of the spreadsheet from our trades from our MWC Marketing Hour Round Table.  Note that many are still open trades.

Person	Date	Market(s)/  Month(s)	Trade	Obejctive	Risk	Misc	Follow up	Follow up	Open/Closed	Booked Profit/Loss
Jeremey	28-Apr	WN	B 7.77 1/2	8.2	7.64 close				closed	$               (0.2900)
Jeremey	4-May	WU	Sold Sept CBOT 7.00 put 10.00 call collected 38 cents	object 0	risk 76 cents	collected 38			open
Jeremey	11-May	WN	B 7.59 July Wheat Sold 3 8.20 calls				sold 7.50 Put, 9.00 call 43 cents collected		open
Jeremey	18-May	WN	S July Wheat 8.17; sold 3 7.50 puts 20.5 cents each	portfollio trade			sold 7.00 put and 9.00 call total of 19 cents collected		open
Jeremey	25-May	wn	S 7.99	7.66	8.05 close				open	$               (0.0900)
									Jeremey's Total	$      (0.2900)
Jordan	28-Apr	CZ	Long CN Short CZ			booked loss			closed	$               (0.1200)
Jordan	4-May	CZ	Long CN Short CZ			booked loss			closed	$               (0.1900)
Jordan	11-May	KWN	Short KWN 9.50 puts (4) short 3 9.50 calls for a total of 3.99 collected				sold 8.00 put for 5 cents (2); long 2 KWN 1 9.38		open
Jordan	18-May	SX	Long 13.80 call 13.80 July Put……soybeans……84.5 cents total						open
Jordan	25-May	CN	short 7.70 put and 7.20 call for total of 97 cents						open
									Jordan's Total	$      (0.3100)
Dan	28-Apr	CZ	Buy 6.375	Sell 6.82	6.2				Carry Over
Dan	4-May	CZ	Ownership @ 6.375	Sell 6.82	Move Stop to 6.56	booked winner			Closed	$                0.1850
Dan	11-May	CZ	Sell 6.20  Buy 2 @ 6.10	Sell 6.56	5.92	Missed Bottom Buy 2x short			Closed	$               (0.6950)
Dan	18-May	CZ	Sell 6.7275	Buy 6.37 Close	6.85 Close		leave		Open
Dan	4-May	SX	Buy 13.01	13.98	Unlimited				Carry Over
Dan	11-May	SX	Ownership @ 13.01	13.98	Add Stop @ 13.07	booked winner			Closed	$                0.0600
Dan	18-May	SX	Sell 13.5325	Buy 13.07 Close	13.80 Close		exit loss		closed	$               (0.0775)
Dan	25-May	SX	Buy on close above 13.74;	13.9					open
									Dan's Total	$      (0.5275)
Kevin	28-Apr	WN	WN 1						closed	$               (0.2100)
Kevin	4-May	MWN	B -9.07	9.7	8.82 close	booked winner			closed	$                0.6300
Kevin	11-May	KWN	Long KWN			booked winner			closed	$                0.6000
Kevin	18-May	WN-KWN	Long WN short KWN 1.21 premium		1.42 CLOSE		leave open		open
Kevin	25-May	SN-CZ	Short July beans Long Dec Corn - at 6.90	7.8	6.67				open
									Kevin's Total	$       1.0200
TOTAL									Mock Trade Total	$      (0.1075)