MURICO.com Forum

Re: Spike the lower highs-----
In Response To: Re: Cattle Daily *PIC* ()

and lower lows are clearly telling us the cattle market is in a downtrend. That doesn't mean it is doomed but all the signs are there and I've been telling my traders the positive Bull Market cycle rotations have disappeared during the month of August and have been replaced with negative cycles into early Oct for the 5 month cycle low that's due at that time but could also extend into mid Nov if the info at that time is as negative as I believe it could be. I agree 100% with your thoughts about the Sept 10th cycle rotation that should be a high but will it be high enough to force a break above 182.52. One hint for stopper resistance is last weeks low for the Aug contract @ 182.40. Many times the market will retag the previous low for the stopper as the Roll Over kicks in.

The 9 week mov av has just crossed below the 20 week mov av @ 182.89 and coming down fast, so the Roll Over is in place for Oct to kiss the 9 week mov av next week @ the 182.20-182.50 area and then push the market lower as the 9 week or even the 9 day mov av tends to play the Bully and push the market down for the Roll Over to kick in. Right now the 9 day is pushing the market up as it tends to do until it hits the stronger, tougher 9 week mov Av coming down like a freight train. As far as my downside it's calling for a retest of the Aug 21st low of 173.72 but I have my doubts that will hold. The correction line points to a test of 170.82 low the first week of Oct off of the mid April low, the previous 5 month cycle low. I can't rule out a test of last Nov low @ 168.50. That wouldn't surprise me at all. Until it tells me differently I'm seriously in the Bear Camp and asking myself why I'm waiting for my 182.35 sell target, it might have trouble getting past 180.35 but I'll wait for it to kiss the 9 week mov av were ever that happens to be.

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Cattle Monthly *PIC*
Re: Cattle Monthly Array *PIC*
Re: Cattle Weekly *PIC*
Re: Cattle Weekly Array *PIC*
Re: Cattle Daily *PIC*
Re: Cattle Daily Array *PIC*
Re: Spike the lower highs-----