hi bullbear !
interesting heading to your post...
i recall posting back in Dec on TFC "LC...The Bull is DEAD",,and man did i get some flack...even a real nasty email from someone asking me what the #!!*** do 'you' know about cattle anyway ??? (so, i like your question mark...it's not as blunt as i was..LOL)
on a side note, in my childhood i watched a lot of bulls in a neighboring pasture...great big beautiful beasts, awesome to behold if they ventured near the fence; and often they did. One particular bull was quite docile,curious perhaps...or a real people-bull. I've got the feeling if that bull was alive today,,he'd probably be calling DR. LAURA on a regular basis,,just to talk things over!
Saw a bull literally die once too. He leaned a lot the day or two before laying down for the last time...you know, kinda tilting...staggering in slow motion so to speak. His head stayed low...and i don't recall the tail swatting many flies either during his demise.
Bulls,much like commodity traders and all living things...plant a lot of seeds in their lifetimes; but eventually all do die. It's the way of life,,and the way of markets named after animals...BULL/BEAR...
had a sell signal 7-8 days ago in HO, with target of 7800-7900; and that said...the same 'signal' existed in CL,HU.
you've noted today's action well...so note the 2850 price area ...then, later the 2500 range. such could/should be this death phase for da' bull aforementioned.
i'd do a big SEMINAR on this subject,,if i could just get JANET JACKSON to be my PR lady ! (she knows how to get press), and I KNOW DONUTS !
boog