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Buxton ND | I know what a island bottom is, know what a V-bottom is. Now if cattle gap higher come Monday morning, this DOES look like a fair bet.
Would we call that a Island/V-bottom ? ? ?
IDK if there is even such a term as this for the techy charty guys ? ? ?
If one compares today's chart pattern of cattle to that of November/December of 2014 we could have a nice rally. I do think we're at or near the point where most of the spec money has been flushing OUT of cattle. Monday's actions could very well set the tone in general for the rest of the year.
Tank, NO, I did not buy, I briefly thought about buying feeders 6ish bucks lower but with wild markets like that its safer to watch from the cheap seats. | |
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Chart Term ? ? ?
