a sell signal with the break below 65.20. I took advantage of the pop back up there to sell a pair @ 65.20 to carry into tomorrow with damage control set @ 65.70. I need 2 daily closes below 65.20 to confirm the sell signal that is in the process of marking the 63.00-63.50 previous support base. Upward momentum has been lost unless Friday can close back above 65.20. The 64.00 area is a potential support base so I have a deposit order on 1 @ 64.20 and the other @ 63.90. My guess is that Dec hogs will play the 63.50-65.50 area until it becomes front month and then decide which direction to go with.

I would prefer it retested the 64.00 low before it tries to test the 65.50 resistance but that would be too easy on me. So I will have to have some north end fishing lines tomorrow morning @ 65.27 and expect them to be 30-40 cent suckers but the unexpected after todays sink hole, would be a nice bounce back to the resistance @ 66.00. A 60 min close back above 65.50 would make a statement that up momentum is back in the ball game. Which I would have to respect as much as I have to respect the sell signal below 65.20.

A weekly close below 63.60 would give Dec hogs a weekly Key Reversal which I really don't expect or want to see but it could happen. Until Dec hogs trigger a major weekly sell signal with a weekly close below 61.50, they still have an uptrend going as it will also climb the wall of seasonal worry just as Oct did when it became front month trading at 65.35 and spent the first week getting hammered back down to 61.60 before it took off on a $12 UNEXPECTED launch. New ball game when Dec takes over but it is possible to see the same GAME PLAN play out. The big clue for me, is too many willing sellers. That overwhelming comfortable bias is usually proven wrong.