Wednesday, July 2, 2014

feeder cattle updated count on a longer term chart

after a long time trying figure out where we are in the count by looking at a daily chart I figured i would go back and take a look at from way back to 74 and take a look. This picture becomes a bit more clearer and may shed some light on my marble head... It appears that we are in a wave major wave 3 that has a little more room to work higher has targets upward of 220.14-226.33. as major wave 2 was a flat Im expecting wave 4 to be a deep zig zag to the prior wave 4 of around 133 50 or so. until then I will be watching for these numbers. this also would coincide with the fats running up to my 163 target.

watching for this market to set up

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