Tuesday, April 28, 2009

Feed Cattle

We saw some bearish action today: closed down 0.70 and near it's lows; closed below the weekly S1 and S2; closed slightly below the 50% retracement; and met resistance @ 20 day EMA. It did find support at 50 day EMA. Let's see if we get a bounce off the 50 day and retracement level or if we get more selling.

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