Futures Market - Meat Highlight #2
"Inversion Cycle Indexes" identify 10 month feeder cattle market low.
(COMMENT # 280)
UPDATED 19980406
COMMENT 1998-280
1. The other market that experienced a monthly / weekly "Inversion Cycle" ALIGNMENT last week was the feeder cattle market (see pages 85 and 422 of "The 1998-99 $upertrader's Book of Linear Time Cycles").
2. Grab a chart and take a look at this spike bottom, sling-shot straight up rally off last Monday's/Tuesday's low.
3. Can you see how the entries we've been discussing of late provided entry just off last week's 10 month low (in particular, see pages 115-16 of "The $upertrader's Reference Manual")?
4. The 3 cent, $1,500-plus rally of the last few trading days into today's close will easily pay for the "Cycles" book for the next decade or so.
5. What else other than the "Inversion Cycle Index" ALIGNMENT might have prepared one for such price action?
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