Aug Feeder Cattle.

Quote from joeallen:

06-28-06 02:32 AM

and live cattle is in count 10. approaching 13 for the short


Where did the countdown start?

The countdown begins after a sequential which is 9 consecutive closes above the close 4 days ago. The countdown is not consecutive it just needs a close above the close 2 days ago up to 13 times for a full countdown.

Criveria can probably look at that in bloomberg for on the exact date, I am limited by my software and don't want to count back by hand.
 
The countdown begins after a sequential which is 9 consecutive closes above the close 4 days ago. The countdown is not consecutive it just needs a close above the close 2 days ago.

Criveria can probably look at that in bloomberg for on the exact date, I am limited by my software and don't want to count back by hand.





The countdown starts after which setup? FC Q6 completed a setup on June 27, but what I've read says that it also was day 11 of the countdown. I thought the countdown didn't start until after the setup was complete.

I appreciate the help.
 
Quote from joeallen:

The countdown begins after a sequential which is 9 consecutive closes above the close 4 days ago. The countdown is not consecutive it just needs a close above the close 2 days ago.

Criveria can probably look at that in bloomberg for on the exact date, I am limited by my software and don't want to count back by hand.





The countdown starts after which setup? FC Q6 completed a setup on June 27, but what I've read says that it also was day 11 of the countdown. I thought the countdown didn't start until after the setup was complete.

I appreciate the help.

It completed a setup aka sequential but that was also a countdown, it met the requirements of both. The reason it was a countdown is that a countdown began upon completion of a TD sequential on 6/06/2006. The countdown is more restrictive than just a sequential setup because it requires the completion of the sequential before a countdown can begin.
 
Quote from criveratrading:

b.s. short covering in feeders... any insights?

Right now I wouldn't give it any weight. I seriously doubt if any paper came into the floor today so whatever happened is probably attrituble to a couple of traders. Bias remains the same for me.
 
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