NORTH AMERICAN AG DAILY LEAN HOGS UPDATE 2/22/11
POSSIBLE DAILY REVERSAL PATTERNS:
Possible buy signal for June hogs on Tuesday, February 22, 2011 if
price trades above 103.25.
Possible sell signal for June hogs on Tuesday, February 22, 2011 if
price trades below 102.55.
HARMONIC WHEEL SUPPORT AND RESISTANCE:
Using the Harmonic Wheel June lean hogs next areas of
resistance are the 450 degrees # 103.35 and the 540 degrees # 106.525.
(CL 87.925 low)
The next areas of support are the 90 degrees # 100.40 and 144 degrees
#98.25. (COU 103.60 high)
HARMONIC CYCLE ANALYSIS:
Using the harmonic wheel and measuring from the 6/10/10 high of 77.20
June lean hogs has a harmonic cycle of 270 degrees due on 3/10/11.
WEEKLY TREND FOLLOWING STOPS:
On the week ending 10/22/10 the weekly Feb lean hog chart went LONG
at 87.45 with current trend following stop at $99.30. (2/22/11)
POSSIBLE WEEKLY REVERSAL PATTERNS:
Possible weekly sell signal in June hogs if during week ending 2/25/11
price trades below 101.05.
WEEKLY HOG ANALYSIS:
Measuring 90 weeks from the 8/21/9 low of 58.775 on lean hog
continuation chart there is a possible COT due 5/13/11.
HEDGE RECOMMENDATIONS:
Continue to use our computer generated trades and our seminar
information for your hedging. Best of both worlds!
North American Ag
752 E. Greenbrier Place
Sioux Falls, SD 57108
Phone 1-605-367-9278
** 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