Meat Complex overbot now ?

[syswizard]

We had somewhat of a breakdown today....after quite a run-up.
Any opinions about direction from here ?
Will a weaker economy have any impact on demand ?

 

[Rearden Metal]

Just a visual to show people what we're looking at here:
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3824472>


Not the kind of chart I'd be looking to short, plus there's the fact that industry insiders know a hell of a lot more about the real meats supply/demand picture than those of us who are accustomed to seeing our cows already shrink-wrapped and packaged at the supermarket. So I'm staying out of this one.

 

[syswizard]

Thanks for that. Uptrend still in-tact, but interestingly this chart looks almost identical to that of copper 8-12 weeks ago. It looked strong and then the fundies too over and down it went.
So now the question, which to short: hogs or cattle ?

 

[syswizard]

Quote from syswizard:

Thanks for that. Uptrend still intact, but interestingly this chart looks almost identical to that of copper 8-12 weeks ago. It looked strong and then the fundies took over and down it went.

So now the question, which to short: hogs or cattle ?