That commentary orginated at: http://www.commoditytrader.com/livestock/the_800_pound_live_cattle_go.php
Actually it orginated at: http://www.aarontrade.com/commodityfuturestrading/ But that would really be the same.
Looking good. And everybody's going to be buying turkey anyway! <img src="http://charts.marketcenter.com/ifs/alaronifs?cont=LC+Z6&period=V&varminutes=60&size=575x300&bartype=BAR&bardensity=LOW&headerbackground=0,64,128&headerforeground=255,255,255&headerdatacolor=255,255,255&studyheaderbackground=0,64,128&random=450"/>
No. I covered today at a small loss at .8725. I didn't post in real time, so I wasn't going to post. I was wrong --at least for now --on this one. I was trying to use the weekly chart and ignored the daily which clearly had a long grail at Wed close. I was wrong. I will be looking for a new short entry once this resolves itself and I'll try again. Truth is, even with my experience, I wasn't paying enough attention.
Next time I will try to bring to your attention this sort of thing earlier if I am aware of any positions you are holding.
Thanks. It was just a rookie mistake adding to the position when I could see the indicators on the daily were not making new lows. What wasn't a rookie mistake was getting out with the small loss.--and it was very small.