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Re: DH, have you ever tried-------

to stop a BULL as he crashes through the fence. You usually have to wear him down first before you can get him under control. The market BULL is no different and this one has crashed through the 80.00 fence and is headed to the next fence at 82.00 if he can't be turned back below 80.00 tomorrow. My experience with bulls(the actual 4 legged kind), if he gets to that next fence, he'll be able to smell the pasture full of heifers in the north 40. The market "north 40" is the 84.00 level which will get marked if the 82.00 progression is hit. The market BULL could easily get another shot of energy just like the 4 legged BULL does when he smells them heifers in the north 40. You had better have a some good horses under your crew trying to stop him at that point.

I'm long Oct hogs today as it broke through and triggered a buy signal for me with the close above 66.52. I hope it doesn't frustrate me like the Aug contract did. It does have the same structure for the LAUNCHING PAD so I expect it to at least make it to the edge of the gravity zone at the 100 day mov av @ 68.60. The target destination is 72.00. I don't know if that's possible but Aug wasn't given odds to make 80.00 so maybe Oct can duplicate the $5 extension that Aug managed to do.

Messages In This Thread

The CME component on the kill for - - -
Re: DH, have you ever tried-------
Yup! ITZ, bulls are tough to handle but - - -