First post from April 5: Is It Time to be Bullish on Cattle?
-- http://marketthoughtsandanalysis.blogspot.com/2010/04/is-it-time-to-be-bullish-on-cattle.html
-- http://caps.fool.com/Blogs/is-it-time-to-be-bullish-on/366753
I said this:
binve says "Moo" [translation: If it makes a higher low at support ~64-65, then there is an inverted H&S setup that targets ~80, which is also the 38% retrace from the top]..... cows have a very concise language, leaves more time for grazing.
Second post from June 16: Is It Time to be Bullish on Cattle?, (part II)
-- http://marketthoughtsandanalysis.blogspot.com/2010/06/is-it-time-to-be-bullish-on-cattle-part.html
-- http://caps.fool.com/Blogs/is-it-time-to-be-bullish-on/407875
The ETN COW is showing a similar pattern. It somewhat tracks this underlying index (i.e. it is supposed to but doesn't do a very good job all the time).
So, is it now time to be bullish on cattle? binve says "Mrraaa Mrrooooo mo moo Moooo" [translation: yes]
And here is what it looks like today.
So, is it now time to be bullish on cattle? binve says "munch munch chew chew" [translation: Uhhhh, yeah. Where have you been.]
