Wednesday, March 5, 2014

April fats… are we in an extended wave 3???




April cattle hit my target of 14615-14630 yesterday and it appears that we are still in the wave 3 higher. I'm still holding short from 144 but the potential for this wave 3 to extend to 149.95 is definitely still there.  I would like to see a break under143.75 to confirm that wave 4 is underway to targets of 140.40 to 138.50. 

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