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Re: Hogs Monthly *PIC*
In Response To: Re: Hogs Monthly ()

Dewey, you can't be a trader without a little mud on your face. I don't know where you are trying to get short from, on the reversal system I like getting short near the green lines, that is where you have the less risk should you be wrong. Looking at the daily there are some pretty strong lines here with three of them Majors, two 8's and one 7... Which means they are likely to have the market bounce off them...but... If elected by closing above on a daily basis, that would mean a major trend change. The top line of the array is showing chop until the 25th. If you get short you would want to elect some red lines by closing below on a daily basis to stay in. You could exit at the red line and wait and see if it closes below...that is another way of reducing risk. I haven't finished looking at the daily yet but here is my chart. The green trading cycle showing on the turn date of the 25th is indicating that a relative high is likely to be established.

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Hogs Monthly *PIC*
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Re: Hogs Monthly
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Re: Hogs Monthly *PIC*
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Re: Hogs Monthly *PIC*
Re: Hogs Monthly