I haven't gone away, just too busy to post because I couldn't find my password. Anyway, I'm expecting the cattle to put in a cycle low either today or Monday and I have orders working to take profits on short June @ 132.10-132.35 on numerous positions. I can't rule out a flush to 131.80 but I don't want to wait to see if it does happen because my bias is to add to my long August @ 134.15-134.50 area. They could also get flushed 30-40 cents lower but I've been waiting a month for the 135.00 support to get taken out. The retest low lined up for the May 6th or 9th cycle rotation to happen.

I'm more worried that I am expecting too much of a drop than what the market gives me. I'm not worried about it overshooting my targets but I probably should be. The clues will be in the reaction to however much flush happens. Get ready for the cattle market to Launch by the end of May. First it has to build a Launching Pad. I guess it's already in place for the Launch to have Lift Off when it breaks 137.82.