Saturday, January 19, 2008


There was one commodity I did fail to mention in my last futures post and actually it has the greatest potential.

Feb. Live Cattle are sitting on a very nice Trifecta.

1. Bullish Seasonal Tendencies
2. Bullish Commercial Traders Positions
3. Very Bearish Public Sentiment Which Is Bullish

The aggressive trigger for going long Cattle at this point will be the crossing of the 20 area on the slow stochastics.

The conservative trigger will be to wait until the first leg completes and then purchase on the first pull-back.

In either instance, keep a conservative stop loss in place.

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