DAILY NEAR-TERM OVERVIEW

The Cattle Futures (CME) made a new low today which thus far has a two trading day reaction following the
previous seven trading day rally. Nevertheless, this market has not yet breached our underlying system support
levels. Interestingly, this market opened lower making a new low down 0.44% under the previous low which
was a sharp decline and then closed below that the previous low falling by 1.11% from the previous session's
high. Here, the last cyclical low established at 13602 on 01/10 has not been broken. A break of this previous
cyclical low will signal a decline ahead.

During the last session, we did close above the previous session's Intraday Crash Mode support indicator
which was 14142 settling at 14317. The current Crash Mode support for this session was 14153 which we
closed above at this time. The Intraday Crash indicator for the next session will be 14115. Remember, opening
below this number in the next session will warn that the market may enter an abrupt panic sell-off to the
downside. Now we have been holding above this indicator in the current trading session, and it resides lower
for the next session. If the market opens above this number and holds above it intraday, then we are
consolidating. Prevailing above this session's low will be important to indicate the market is in fact holding.
However, a break of this session's low of 14202 and a closing below that will warn of a continued decline
remains possible. The Secondary Intraday Crash Mode support lies at 13435 which we are trading above at
this time. A breach of this level with a closing below will signal a sharp decline is possible.

Intraday Projected Crash Mode Points

Today...... 14153
Previous... 14142
Tomorrow... 14115

This market has declined for 2 trading days. However, we have not elected any bearish Reversals to date from
the high of Wed. 19th.

Currently, the market remains neutral on the short-term levels of both momentum and trend on our indicators
while the long-term trend and cyclical strength are bullish.

We did close below the previous session's Intraday Projected Breakout Resistance indicator which was 14487
settling at 14317 gesturing that the market is not in a breakout mode at that precise moment. The current
Projected Breakout Resistance for this session was 14457 which we still closed below. The Projected Breakout
Resistance indicator for the next session will be 14388. Now this immediate indicator in the current trading
session is above the current close offering projected resistance. Therefore, we either must open above it and
hold or close above it to imply the rally is still in play. Otherwise, failure to exceed 14388 during the next
session warns the upward momentum may be lost and a retest of support becomes possible.

Intraday Projected Breakout Resistance
Today...... 14457
Previous... 14487
Tomorrow... 14388

NEXT OPEN COMMENT
From a broader cyclical vantage point, the market is still in a positive position at this time. An opening in the
next session beneath 9726 may warn of a decline to follow.

Since the last low of 13550 established on Monday December 20th, the market continued to press higher
reaching 14377 after a clear 22-day rally peaking on Wednesday January 19th. Thereafter, the market declined
into a recent low at 14200 on Wednesday January 19th from which we have rallied for 2 days. Currently, the
market remains in a neutral short-term position near-term.

Currently, we have not elected any Daily Bearish Reversals from this new high of Wednesday January 19th.
The immediate Daily Bearish Reversal to watch lies at 14060. A closing beneath this level will signal a
temporary high is in place. Additionally, a closing below 14200 would also imply a pause, technically
speaking, in the uptrend for now. We need a daily closing above 14250 to imply a further rally is unfolding
technically speaking. We have elected 4 Daily Reversals from the reaction low of Wednesday January 19th.

On the Daily Level, this market remains neutral with some resistance standing at 14235 and support beneath at
14142 intraday as it traded last at 14210. The market also has underlying support resting at 13735 right now.

NORMAL DAILY TRADING ENVELOPE
Last Close Was. 14210

Envelope Top... 14843
Internal AvgL.. 14177
Internal AvgH.. 14272
Envelope Btm... 13243

DAILY PIVOT POINTS

Looking at our Pivot Points, and resistance at 14366 and 14213 for this next trading session.

DAILY PIVOT POINTS
14210
14366
14213

Projected technical Resistance stands tomorrow at, 14238, 14241, 14336, 14346. Keep in mind that these
targets can provide intraday resistance or closing resistance. Opening above this area will cause it to become
support.

DAILY PROJECTED CRASH MODE POINTS

During the last session, we did close above the previous session's Intraday Crash Mode support indicator
which was 14142 settling at 14317. The current Crash Mode support for this session was 14153 which we
closed above at this time. The Intraday Crash indicator for the next session will be 14115. Remember, opening
below this number in the next session will warn that the market may enter an abrupt panic sell-off to the
downside. Now we have been holding above this indicator in the current trading session, and it resides lower
for the next session. If the market opens above this number and holds above it intraday, then we are
consolidating. Prevailing above this session's low will be important to indicate the market is in fact holding.
However, a break of this session's low of 14202 and a closing below that will warn of a continued decline
remains possible. The Secondary Intraday Crash Mode support lies at 13435 which we are trading above at
this time. A breach of this level with a closing below will signal a sharp decline is possible.

Intraday Projected Crash Mode Points
Today...... 14153
Previous... 14142
Tomorrow... 14115