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Fontanelle, IA | on MarketRally this last week, Chip made reference to the fact that either Fed Cattle or Feeder Cattle contracts typically "respect" gaps, bottoms, and other signals on charts much, much more religiously than grains? Why is that? Are cattle so much more thinly traded than grains that certain hedgers or speculators can push the market around? Or, do the charts behave that way due the 7 year cyclical nature of cattle?
As you look at charts on cattle - are there certain points that you really respect if you are looking to hedge or get out of hedges?
Are there certain analysts /firms that really have theirstuff together when looking big and small picture of cattle? Me personally, I would love to spend a day, week, month in Walt Hackneys office and do nothing other than listen!
Thanks for all your clarification in advance!
Bart | |
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Cattle vs grains and chart objectives
