NORTH AMERICAN AG DAILY LIVE CATTLE UPDATE 2/22/11
POSSIBLE DAILY REVERSAL PATTERNS:
Possible buy signal for April cattle on Tuesday, February 22, 2011
if price trades 115.60.
HARMONIC WHEEL SUPPORT AND RESISTANCE:
Using the Harmonic Wheel April live cattle next areas of
resistance are the 180 degree # 116.70 and the 216 degree # 117.80
(CL 109.875 low).
The next areas of support are the 144 degree # 110.70 and 180 degree #
109.525. (COU 116.30 high)
HARMONIC CYCLE ANALYSIS:
Measuring 180 degrees in time from the 9/17/10 cycle high of 100.80 June
live cattle have a possible change of trend due on 3/19/11.
WEEKLY TREND FOLLOWING STOP:
On the week ending 10/15/10 the weekly April live cattle chart went
LONG at $104.40 with current generated stop at $110.60. (2/22/11)
POSSIBLE WEEKLY REVERSAL PATTERNS:
April cattle has a possible weekly sell signal for week ending 2/25 if
price trades below 112.575.
WEEKLY CYCLE ANALYSIS:
HEDGE RECOMMENDATIONS:
Continue to use our computer generated trades and our seminar
information for your hedging. Best of both worlds!
Dave Gleason
North American Ag
752 E. Greenbrier Place
Sioux Falls, SD 57108
** The North American Ag Report includes information to from sources
and technical analysis believed to be reliable and accurate as of the
date of this letter, but no independent verification has been made
and the letter is not guaranteed to its accuracy or completeness.
Opinions are subject to change without notice. This report should not
be constructed as a request to engage in any transaction involving
the purchase or sale of a future contract and/or commodity options.
The risk of lost in trading futures contracts or commodity options
can be substantial, and investors should carefully consider the
inherent risks of such an investment in light of their financial
conditions. Only those in the proper financial condition and who are
willing to assume responsibility for the risks involved should
attempt futures trading. Any reproduction or retransmission of this
report without the express written consent of CTA Dave Gleason is
strictly prohibited.
NOTE: I am the advisor you are the decision maker. I have obligation
to give you my opinion because you purchased my report; you are
responsible for your decision whether to except my opinion and act on
it or not. DG