Thursday, February 24, 2011
Wednesday, February 23, 2011
Feeder Cattle Update
The low risk entry at $123 paid off 7 to 1. Will have to see if the "bump" fractal that has shown up in the corrections over and over will play out to 1 more new high to complete the 9th wave. I'd like to see a reversal at about $127 - $128 up to about $133. The play then would be to short this sucker into the strength of a 3 wave correction after a 5 wave fall on a 15 min or so time frame. The top should last for months. Price did touch the 38.2 retracement from $123 so it's possible to go up from here.
COMP - Stopped out at break even
The fractal failed so it was time to bail. Would take that trade 10 out of 10 times. Wasn't around to capture the sell off but satisfied with no money lost when I was wrong.
Tuesday, February 22, 2011
Thursday, February 10, 2011
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