Corn Confirms the Downtrend

Corn prices have confirmed a downtrend. I wouldn't have believed it was possible if I hadn't seen the charts. The price of corn has moved lower steadily since last week's gap downward on 7-7 to 7-8. This downtrend appears somewhat weak to me, but often, when prices tumble, they start out weak and gain momentum as prices begin to accelerate. After a strong uptrend, I am more likely to maintain very tight stops in the early phases of a new trend. However, such fluctuations in both directions are one of the characteristics that commodity futures are famous (infamous?) for.