NORTH AMERICAN AG DAILY FEEDER CATTLE UPDATE 2/22/11
POSSIBLE DAILY REVERSAL PATTERNS:
No buy or sell signals for May feeders on Tuesday, February 22, 2011
HARMONIC WHEEL SUPPORT AND RESISTANCE:
Using the Harmonic Wheel May feeders next areas of resistance are the
216 degrees # 134.40 and the 270 degrees # 136.30. (CL 125.45 low).
The next areas of support for May feeders is the 45 degrees # 131.60
90 degrees # 129.90 (COU 133.45 high)
HARMONIC CYCLE ANALYSIS:
Using the harmonic wheel and measuring from the 9/28/10 low of 110.50 May
feeder cattle has a harmonic cycle of 144 degrees due on 2/21/11.
WEEKLY COMPUTER GENERATED STOP:
On the week ending 10/22/10 the weekly May feeder cattle chart went
LONG at 113.60 with current trend following stop at $125.45 (2/22/11).
POSSIBLE WEEKLY REVERSAL PATTERNS:
Possible weekly sell signal for May feeders if during week ending 2/25
price trades below 128.625.
WEEKLY CYCLE ANALYSIS:
January feeder cattle have a 144 week cycle set to expire the ending 9/7/11.
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