Thursday, June 26, 2014

Aug fats ...... short positions covered and updated count.... its so clear so what was i looking at????




Aug live cattle are currently in the last leg of the 5th wave extended  move higher and I have been miserably short this market for the last month or two and have been dead wrong. As of now the count that makes the most sense is the one that I have listed above. This count shows wave 1 a wave 2, a small impulse for wave 3 higher a deep 4th wave and a 5th wave that  is currently underway. My new target for this final wave to complete is somewhere around the 16360 level. I'm happy to say I'm out of this market and will be watching for this count to complete. Sometimes ya gotta just admit when your wrong. 

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