I'm not ashamed to admit my bullish bias expectations are being proved "completely wrong" at the moment and possibly the rest of the summer. I've gotten used to being wrong but that "STUPID feeling" will always have a sting to it.

This is a good example of why I have become dependent and addicted to fishing for my hog market trading strategy. My shirt as well as my bank account stays in tact, even when my bias and pride is TORN TO SHREDS. It lets me turn lemons into lemon-aid, I can be right and wrong at the same time, I can make a profit--even when I'm wrong. I don't give a hoot about my bias and pride as long as my bank account is not slashed. I guess it comes down to admitting, "I don't have a clue, even though my ego thinks it owns the crystal ball". The market is smarter than me so it's best I let it lead-------most of the time.

My ego had me talked into bravery Friday. I was gonna go home with a pair of long July, at the last minute I came to my senses and cut 1 of them loose, I've really become a coward for holding through the weekend. I can't even remember the last time I carried something through the weekend. I had a pair of sell stops sitting at 77.90, 1 got me out of the wrong side and the other 1 put me short with a deposit target at 76.95. That "stupid feeling" impaired my reaction timing and my judgment, so when I got my first glass of lemon-aid, I didn't even give it a thought that there was more to come. I hate Mondays so I turned my attention to other responsibilities as a precaution to keep myself safe from a shot in the foot. I was expecting "Big Ones" but not at the south end.

Looks to me like July hogs are gonna be forced into the $10 move before they think about reversing for a retest of where cash is at. This is setting up for the early July, addiction move. When the hog market has a sustained move into late June or early July, it reverses with a VENGENCE into August. This $8-$10 drop qualifies as a sustained move. Watch for some basing action into the report to set up the fish pond parameters. The cattle/hog spread for the Aug contracts may be able to get back to the $80 premium cattle over hogs. I still have the thought of short cattle/long hogs on my drawing board with 155.00 as a sell area for Aug cattle and 75.00 is a buy area for Aug hogs giving me an $80 spread target that should narrow back to $70. The hogs will probably have to be bought before I can sell the cattle with the thought that cattle may not get to 155.00. I'm more interested in getting the hogs bot than the cattle sold.