MURICO.com Forum

Re: I was expecting suckers-----

regardless of early directional break. South end 68.40 lines hit and the deposit orders @ 68.10 and 67.90 hit before I could recalculate if damage control needed to be adjusted. The day has just started so there is plenty of time for the south end fish to grow another $1 but they can just remain suckers and set up a Friday reversal. I'm content with the 80 cent deposit but will continue fishing but only on the north end with lines set @ 68.75 just in case we get a Friday short covering reversal.

The 67.77 low is a qualifier for the desired $2 correction and some of the shorts may not want to hold over the weekend. I can make a case for multiple choice options for the market to trade the rest of the day but only willing to trade a reversal momentum if that should happen. I just can't get excited about chasing a guess at extended downside today. I've had a good week when I add up all the suckers I've caught and my feeder cattle trades have been icing on the cake. There's plenty of time next week to mess things up. It's nice to go into the weekend, not beating on myself with coulda, woulda, shoulda.

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The final Purchase Index for - - -
Re: The final Purchase Index for - - -
Well, Dewey, if you end up - - -
Re: I was expecting suckers-----