While the general stock market is undergoing a huge correction (regardless of today), it is interesting to note the recent strength of agriculture:

http://stockcharts.com/h-sc/ui?s=LGDI&p=D&yr=2&mn=0&dy=0&id=p94268373971

The agriculture sector reached a 4-5 month high today while Lengend is close to a 6 month low. Given the lagging yet outperforming recent historical movement of LGDI relative to the agri sector, the low volume recent decline could serve as a nice springpoint for an exponential move higher. Of course that is only IF the coming news is positive, with a partnership annoucement and no large dilution.

Great minds have been boggled recently why agriculture, historically always higher with world worries of inflation, has been underperforming. Even Greenspan commented on this relative to the unique upward price movement of gold. This could be the start of a break in the agri bear market. Agriculture is forming an inverse head and shoulders with the neckline broken on the upside...I wonder if that will hold true and move higher. This is while the greater stock maket is in a (VERY highly commented on!!!!) regular head and shoulders formation. Should be interesting to see if this prediction for a big fall in the greater stock market will hold true.

http://selfinvestors.com/tradingstocks/wp-content/uploads/2009/07/71209-sp.png

While he sounds like a broken record most of the time, Jim Rogers' recent motto "short equities, long agriculture" could be the perfect setup for now.