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NE Iowa | Thanks Blu for the feeders chart. In markets like this, imo, you can throw the charts away,as far as prdicting tops is concerned. As you displayed, schoc amd macd way over heated, but in runaway bull/bear marekts that can go on longer than traders can remain solvent. We have a perfect storm with drought( in conjunction with high feed costs=liquidation) the past 3-4 years in cow country and high grain prices since 2008 that played a big hand in pastures being turned into cornfields. Now we have corn in a freefall, so demand picking up to walk the corn to town and to top it off, the blizzard in the West that killed tens of thousands. My cow herd is a hedge against falling corn prices, so dont mind. This week I plan to lock some of these feeders in with some close to the money puts..............I wouldn't short this market on the board, even with our buddy Jim's money. On second thought, maybe I would. lol | |
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Feeders for Jim
