|
PureBytes Links
Trading Reference Links
|
Greetings Traders!
Dec Hogs continues to respect the 60.00 price bottom as expected and has
been offering good profit opportunities. Range trading is slow but does
work, while this support bottom offers a level of security.
At this moment, we have gone up to 60.85. I expect to at least hit 61.00
today.
It must be kept in mind that a cycle top window is evident for 10/23, 24. In
light of this, I'll be looking to either tighten up stops for a profit or
exit with one.
The move back away from the cycle top appears to be 2 to 3 days in duration.
It may or may not hold the 60.00 at that time, but this is no problem. One
needs only to wait a couple of days to see where it goes.
The next support level is 59.57. Currently most of my stops are below that
giving it all the space it needs.
On intraday charts, hogs have definitely formed a slow rounded bottom. Good
accumulation.
cheers!
:)
rick
****************************************************
FutureSoft Publishing - Precision Trading
http://FSoftPublishing.com
****************************************************
|