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

Happy New Year! Dewey, I have no idea how I posted that cattle chart in this hog thread. I'm all in as far as making it a great trading year.

I think that the hogs may bounce a bit here, but still be in a bearish mode by looking at the Hypothetical Model. No strong turn dates on the daily. The market may go up and test that hypothetical reversal at 84.79... As you know, I like to play off the reversals to keep from getting whipsawed out of a trade. Tomorrow should establish a high according to the trading cycle (green triangle), you would look for a high with a low close...so if you shorted at that high, which may be early on in the day... your stop for that short would more than likely be the 84.97 tentative reversal. Should it close over that reversal then you would be looking for a short up near the top 87.60 or 88.52. If you do happen to get short you need the market to close below those bearish reversals in order to keep the market in a continued downtrend. 78.00 is a double major, the closest major reversal, you could use that as an exit target for any short position.

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Hogs Monthly *PIC*
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