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Cattle- Slipping under crutial levels.


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Meats-

Dec Hogs- as has been posted the 64.40 level was the sell level where the market hooks the shorts into flipping, covering and has turned lower with a 64.50 high of day. This is a sell level that we have been waiting for a while.

hogs-6446 ols

Cattle both live and feeders in the charts are taking out support after support where long liquidation may begin in earnest. Watch the trendlines posted in the charts for a level. If you need an idea that is not majority opinion that can offer big bang returns per 'specific trading situation feel free to give me a call and let's talk your market.

Cattle has a slew of lines but when broken, we move lower. Maybe a lot. Always use tight stops.

Cattle under 117 break

Soybeans- a gift fromt he harvest Gods is bestowed upon our farmers. Nov beans 9.84, 989 very important levels to hold if this rally is to continue but use this rally in back months to move some beans and look to buy futures back lower.

Cotton, Coffee today and high flying lumber have are are about to flash some macro signals. Lumber is around all time highs macro speaking. I describe my olive signal as the number that hurts the most traders. If you like to play extreme's then you may want to play the olives, the color of money.

Specializing in providing timely technical advice to the AG business community. Contact me for a free outlook in your specific product.

Wednesday free webinar signup is now. Pattern recognition in live markets where patience is required but when these conditions flash, consecutive vertical patterns making up most of previous price ranges can be expected.

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Best Always,

arp@WalshTrading.com

312.957.8248

Alan R. Palmer

Sr. Strategist


Direct: 1 312 957 8248

arp@walshtrading.com

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About the author


Alan R. Palmer, Sr., is a successful independent trader and technical analyst specializing in agricultural, financial and stock index futures. He has worked primarily in the markets traded on the CME Group.

Alan started trading at the Chicago Board of Trade in 1986 in the 30-year U.S. Treasury bond pit as a local. In 1987, he bought his full membership the day of the historic crash and moved back to his passion, trading soybeans, and grains along with bonds and stocks. Moving from pit to pit as market indicators dictated, Alan used his charting calculations to spot pivotal points as markets crossed ‘key levels.’ This acumen is Alan’s specialty and now he delivers this knowledge and experience to his customer base. He offers a macro thought process to viewing markets and players as they act with predictive behavior acumen.

He began his career in the futures industry as a summer runner while thirteen on the floor of the CBOT in 1973 delivering orders and learning the rudimentary workings of the markets. He graduated from runner to phone clerk, delivery clerk during the Hunt silver squeeze, working for various brokerage firms. After earning a Bachelor’s degree from DePaul University while working full time, he began a career as a proprietary trader with Paul Tudor Jones, a world-renown money manager, where he perfected his technical analytical techniques.

Alan has appeared on CNBC, Bloomberg, CNN, and has been quoted in The Wall Street Journal, Chicago Tribune, Chicago Sun-Times, Bloomberg and Reuters newswires. He was the founder of Nasdog.com, an independent research and charting web enterprise, based on time-tested, support and resistance calculations for predicting multi-market swings. Alan holds an undergraduate degree in Business Finance Administration from DePaul University in Chicago.

Contact Alan:
Phone: 312.957.8248 or 888.391.7894
Email: arp@walshtrading.com

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