MURICO.com Forum

The hog market addiction----

just got its $5 fix. Now that all of the Bulls are a bit confused, there could be a little more downside. Today was my last day for trading April hogs and I was more than thrilled to see my south lines trigger the $5 addiction fix along with my deposit orders for my final trade for April hogs.

Needing to buy June hogs for my cattle/hog spread I may regret thinking this area is a gift since I'm waiting for an additional $2-$3 bounce for the cattle that may not happen. Anyway the choice was made(on a gut reaction) @ 79.00 and damage control set with 1.25 risk. Now I wait to see how long I can hold my conviction as I wait for the cattle to get to target or fail. I may decide to settle for 125.00 on the cattle to give me a $46 spread when I want a $48 spread. Since the odds of getting what I want are 50/50 at best, I will likely settle for $46 since I already have the hogs and I fear time for patience is about over. Cattle have held off the next plunge to retest chart lows longer than I expected

Messages In This Thread

The hog market addiction----
You don't trade the KKKs now that - - -
Re: DH, I'm not wired-----