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Unformatted text preview: Rate of change Indicator: “Rate of Change (4.40) is above zero, indicating an overbought market. The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is indicating an overbought market, and appears to be slowing. Further, a bearish key reversaloff a 9 bar new high here supports this outlook. A modest downturn is possible here.” Conclusion: The pork commodity market I believe will have an upward price trend over the next month. This market is very unpredictable at this point in time but through the information that I have read. It is a commend trend for pork to go up in price throughout October. 1 2...
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This note was uploaded on 03/19/2010 for the course BUS bus 215 taught by Professor Dr.john during the Spring '10 term at Brown Mackie College.
- Spring '10