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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Steve Huskey who wrote (9450)	12/4/1998 12:46:00 AM
From: nicewatch	Respond to of 44573

Steve, I think hogs- cotton as well- are probably a good short, near term (next 5 days). I was a little early in looking for a low. A rally off of the low did occur; however the indicators I follow for both have become too overbought. The action in both today was not promising for the bullish scenario. I still think we are close to a low in hogs with respect to time- being that we are in the 5th wave down of major move off the 96 top. Of course I could be wrong and the lows are in... but I am betting short on both tomorrow... it'll be interesting. Message 6677191 Anxious to find the bottom, I probably jumped the gun in labeling the daily chart. This is a good example of why I should not factor in ewave analysis into my trading too seriously short of me mastering the art of it. The fork and some indicators have been more of a bread and butter method for me than ewave ever will be. I should have updated charts up by tomorrow evening or Saturday. Talk to you later. Regards, Frank