MURICO.com Forum

Re: Looks like the magnets-----

have been switched ON for July hogs to go after the $10 addiction move off of the April 15th low of 77.30 or maybe even a $10 move off of the May 24th 78.80 low. Has 6 weeks to make it happen but also needs to stay above 81.00 to keep down momentum out of the picture. Holding a $5 topping range into early/mid July sets up a weekly chart roll over, to begin the 9 year cycle low plunge by the first week in Aug. Sometimes it begins a week after Aug takes over but the trade is so bullish, it may take until Aug is about to expire before everyone realizes the Northbound has problems with record production and the Southbound has already left the station with Oct hogs $12-$15 down the mountain and triggering weekly chart sell signals.

Waiting for Oct hogs to take another $2 jump to begin the selling process for producers and fearing that it may not happen.

Messages In This Thread

Well, that was a surprise------
Re: Looks like the magnets-----
Re: Looks like the magnets-----