MURICO.com Forum

Re: DH, I still believe we will see

Oct hogs put together a $10 rally before it expires. The problem I'm faced with, what level does it begin at--------the 90.00-92.00 area or will Oct get the honors of filling the weekly chart gap at 86.82. I also have to believe that gap area will be the bottom for the fall lows but I have been expecting Dec would get the honors but now it looks as if it will get clean up duty for this seasonal correction. Last year Oct had a chance to fill a gap at 82.52 but came up 1.27 short of doing it this same week in Aug and reversed to go on a 5 week $9.95 rally($10 qualifier) which it has a strong tendency to do except for the 9 year cycle low years brought on by a glut of over production, which is not due until 2016. Last year Dec did get the gap filling honors as with most years the lows are not in place until that 2 week time span around Thanksgiving.

My fishing lines snagged a pair of short Oct @ 93.82 with a target @ 92.82 and buy orders to get long @ 92.65. If I get lucky and the market plays into my plan, I have $1 to risk against my fifth attempt at bottom picking. Sooner or later I will catch the beginnings of at least a $5 rally that has a good percentage chance of turning into a $10 rally. I know better than this continued stubbornness of futile bottom picking since it tends to wear on a persons mental state. The fact is, most of my successful bottom or top picking catches begin from my fishing line catches. I must be a bit bored since I know better than stubbornly try to outguess the market with these bottom picking attempts. I've donated most of my winnings from fishing. How silly is that? Very silly that borders on stupid. I think I just talked myself into OLD LESSONS REVISITED.

That reminds me----------I'm sure glad your forum is back---------it's the best mental/psych tool available, I apologize for making everyone read scrambled thoughts but it does help me get in touch with reality.

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The Final Purchase Index for - - -
Re: DH, I still believe we will see
Thanks for your post, ITZ. It appears to me - -