longs to "Lose a yard" on tomorrow's opening, ITZ. The afternoon reports showed that packers cut their bids again and the kill rate was firm. Cutouts did bounce a little but it is questionable whether it was enough to do much good. I have a few short VVVs still hanging around but I have also turned some of them into "Green".

The ten-plus point "Gap" sets the stage for a limit up move sometime this fall. I hope you catch it with your fishing lines. I don't have a strategy to catch it so I will have to be content to stand aside and watch others take the ride. I don't think it will be tomorrow because the down-trend is still too strong for that to happen.

But -

You never know what is going to happen when the domino effect of stops being hit begins to gain momentum.

Best wishes,

dhm