I missed a good chunk of it too. Not so much that I missed it, being Friday and with a bullish bias for a $10 rally into Aug, I choose not to press my luck and not participate. The problem I'm faced with now, is what level will the profit taking begin. New target marked for Aug hogs @ 72.90-73.05 area. Doesn't mean it has to go there, just a projection if price breaks below the 73.55 contract low. I don't see any reason for it not to break it but I don't see any justifiable reason(other than emotion & bear hype) for it to be below 76.00. The same goes for the high @ 85.00 when the lean index was at the 82.00 area.

Just goes to show the balance addiction present in the markets. The market gets carried away 3-4 dollars to high on the rallies, at some point it has to balance that out by going 3-4 dollars lower than it should. Natures laws of balance were put in place by God, man seems to try and mimic that process with whatever he creates. The markets being one of mans products, operates under similar balancing protocol. I'm not trying to start some religious argument, just stating what I see in the labeling process that helps me make sense of the craziness in the markets.