MURICO.com Forum

Re: Well Dewey, now is when-----
In Response To: HOGS BY DENNIS SMITH ()

the market process can get difficult, confusing, and frustrating. Now that the traders have a logical reason for the market to go lower and the talk/mindset has turned from "there should be a $10 rally" which set up the "beat up the bottom pickers" by the Big Dogs to keep the market going south, while the average trader was scratching their head and wondering why the market would not stop going down. A new Mind Game could play out for several weeks, now that the Logical Thinkers have the reason for why the market was going down. They have a new passion------sell the market by making guesses where the top of the bounce will be. The trade mindset has probably turned from Bottom Pickers to Top Pickers-------and the market tends to BEAT on the PICKER MENTALITY regardless of whether they are picking the bottom or the top. That's my reasoning for why the Unexpected seems to be The Way of the Markets. Getting short quickly became the popular mentality.

I still believe Dec hogs has the downside sights locked on breaking below 40.00 to kiss my 38.00 mark but sometimes the situation calls for the market to go UP a notch before it can go DOWN to Target. Now that the street criers are screaming DOWN, part of the markets job is to weed out the weak shorts who are now packing the lines to board the southbound. This gives the band an opportunity to play a few rounds of musical chairs and unexpected happenings to frustrate the In the Box thinkers. My thought process whether right, wrong, or pure hallucination------respects the possibility of a $3 bounce while the Southbound is loading up and refueling. Of course that is the timeframe where the market uses Smoke & Mirrors, Confusion, and Frustration to pick the pockets of those trying to get their seat and hold it.

The sharks have probably been turn loose in the fish pond for a couple weeks. As I heard some dinner bells ring while I was trying to finish this and have a phone conversation, it looks like the fishing weather is good as long as I can stay away from the sharks.

Messages In This Thread

HOGS BY DENNIS SMITH
Selling hogs is, perhaps, a good idea but - - -
Re: Well Dewey, now is when-----
Re: Well Dewey, now is when-----
Thanks for your post, ITZ. That was - - -