$130.60 Lean Hog top on April 4th.

$130.60 is my objective for the lean hog top. The rally From August 2009 to April 2011 was about exactly $60.20 dollars. If we take the September low 2012 of $70.38 dollars and add on the $60.20 dollars, we come up with an objective of $130.60. Also you can see in the chart the lines that formed a large triangle over the last 4 year which we recently broke out of when we went above $97.00 dollars. If we take the width of that triangle which is $33 dollars and add it to the breakout point of $97.00, guess what we come up with for this technical objective...you guessed it $130 dollars. Also notice the long term trendlines in this chart which is back to 1970. I know prior to 1997 this was based off live hogs, but as you see from the top in 1997, it still respected that long term trend line. This line also comes into play around that $130 area. As for a timing date, parabolic rallies typically last from 45-50 calendar days Measuring from the start of this parabolic rally takes me back to February 13th. Adding 50 calendar days to that gets equals April 4th+or- 5 days. Or one could wait till the last swing low is taken out around or just after April 4th to be safe, but that could happen $5-$10 dollars from the topto each his own. Below is the weekly hog chart back to 1970 with the trendlines and triangle drawn.