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TFC Commodity Trading Forum

Re: Feeders bout to cascade........lower *PIC*

This market was unbalanced heading into March, suggesting a sea change directly ahead. The last swing high was in Nov. Early March presents a topspring followed by a large gap down, the earliest rational entry. This was followed by 2SD volume continuation. Same story in the fats. The obvious area of support would be the previous swing top, which was broken with a 2D chart LRB, a rational add point. Prices may gyrate for awhile but the sweet spot of sellers lies dead ahead as price cascades through the air pocket, and bottom pickers provide plenty of liquidity. Feedlots are getting loans to further fatten up the herd. Suggest we put this on hold for a few months and see where the chips fall. I don't usually fool around with things that have bones, except at extremes. CO