Use access key #2 to skip to page content.

Is It Time to be Bullish on Cattle?, (part III)

Recs

18

August 24, 2010 – Comments (11) | RELATED TICKERS: COW

Here is an update on my cattle-call (yuk, yuk)

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.



ENLARGE

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]




ENLARGE

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.]



ENLARGE

11 Comments – Post Your Own

#1) On August 24, 2010 at 11:33 AM, outoffocus (22.85) wrote:

This post needs more meat.  You need to beef it up a little. Otherwise, how do we know this isn't a load of bull?...

...*cough*...

...But seriously good stuff.

Report this comment
#2) On August 24, 2010 at 11:43 AM, binve (< 20) wrote:

outoffocus,

I know, I'm just full of BS ... :)

Thanks!..

Report this comment
#3) On August 24, 2010 at 11:57 AM, 100ozRound (29.48) wrote:

did you know that there is a ticker MOO?

 

Moo!!

Report this comment
#4) On August 24, 2010 at 12:01 PM, binve (< 20) wrote:

100ozRound ,

>>did you know that there is a ticker MOO?

Yes I did. In fact I have traded it in the past. The reason why I am using COW here is that it tracks the Dow Cattle subindex (which is what I am charting above). MOO is the combination of a lot of things besides this subindex.

>>Moo!!

And a good day to you too my friend :)..

Report this comment
#5) On August 24, 2010 at 8:31 PM, Starfirenv (< 20) wrote:

Did you ever hear the one about the Old Bull and the Young Bull?

Report this comment
#6) On August 24, 2010 at 9:13 PM, binve (< 20) wrote:

Starfirenv ,

Nope. Lay it on me man! I am a connoisseur of bad jokes :).

Report this comment
#7) On August 24, 2010 at 9:26 PM, Starfirenv (< 20) wrote:

OK- since you asked,
Well, they're standing on the hill looking down on the meadow. The young bull says to the Old Bull, "HEY, let's run down there and um... um...Doink us a heiffer. The Old Bull says "Let's walk and ..um...um.. doink 'em all. Gospel. I would not steer you wrong. Ouch. Got Argyle?

Report this comment
#8) On August 24, 2010 at 9:37 PM, outoffocus (22.85) wrote:

Starfirenv 

That should be posted on the pun blog.

Report this comment
#9) On August 24, 2010 at 10:02 PM, Starfirenv (< 20) wrote:

Outta', Am I lyin' 'bout the garter thing? Forgot to specify, the toe nail polish -needs to be sassy, Regards.

Report this comment
#10) On August 24, 2010 at 11:15 PM, binve (< 20) wrote:

Starfirenv,

LOL! Nice one man :)..

Report this comment
#11) On August 26, 2010 at 1:16 AM, Starfirenv (< 20) wrote:

Binve- $hit, I forgot the moral of the story which is-
There are Bulls and there are bulls, do it smart.
There is a similar story about Bears. Actually more of a lesson than a joke. Sorry about that.

Report this comment

Featured Broker Partners


Advertisement