CLICK ON CHART TO ENLARGE One year ago the Power of the Pattern reflected that a very bearish pattern was forming in the CRB index, as it was forming a bearish rising wedge at its 61% Fib retracement level ( see post here) What has happend in the past 52 weeks? The CRB index [...]
Joe Friday and the Power of the Pattern shared that “Cattle Futures were up against a 25-year resistance line in the chart below and had created a bearish rising wedge” (see 3/30 post here) in the Cattle Futures market. This pattern was NOT BULLISH for Cattle prices. CLICK ON CHART TO ENLARGE Below is an update, reflecting [...]
CLICK ON CHART TO ENLARGE Cattle have done very well over the past 3 to 4 years. Currently they are are top of a 20-year channel and are testing a key rising support line drawn from the 2009 lows.
On 10/13 the “Power of the Pattern” was reflecting a bearish pattern looked to be forming in Cattle futures in the chart below (see post here) Why would Cattle be important to your 401k or long stock positions? Look at the second chart below how Cattle futures impacted 401k and long positions in 2008! CLICK [...]
CLICK ON CHART TO ENLARGE Many viewers of the blog trade commodities on a regular basis and Cattle futures too…. yet even if you don’t trade Cattle, you might want to keep an eye on what Cattle do from here! Why??? In 2008, Cattle were one of the last Commodities to hold their value, before [...]
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