MURICO.com Forum

Re: DH, I'm not sure if-----

it's a good thing or bad that our analysis for the April contract is very similar. I respect your insight so I feel good that we are seeing similar tendencies playing out into the expiration of the April contract. Since I prefer(have best results) to be the lone duck for deciding which train I want to board, I feel a little uneasy about getting too much of a set bias. Since a lot of the other talk is friendly towards the hogs now, maybe we are lone ducks together. The next 4 weeks could be good fishing on both sides of the pond, if I don't let myself build a strong bias one direction or the other.

I have to respect and have a stronger conviction for the 5-10 March washout the hog market usually has. There's also a consistent 4 month swing cycle low due in mid March that will either be a $5 drop or $10 drop but I favor $6 to fill the weekly chart gap @ 66.10. I do have a Time & Price squaring target at 64.80 the last week in March. I was using the T&P squaring target for my hedgers @ 72.00, the T&P squaring likes to act like a magnet and will either stop it like a brick wall or slice through it like butter. I have to believe there is at least a $5 drop coming but the front month has been making a habit of rallies into expiration. Mid April to mid May is seasonal Rally Time.

Messages In This Thread

LEAN HOGS BY DENNIS SMITH
This morning, Dewey, I spent - - -
Re: This morning, Dewey, I spent - - -
Re: DH, I'm not sure if-----
Re: DH, I'm not sure if-----
I think, ITZ, that playing both - - -