MURICO.com Forum

Re: Dewey, I've been smelling------

bottom all week long----my hallucination tendencies have kept me from taking a convicted stance. Yesterday I was ready to plant the conviction to see what happened. It had no more than sprouted and the market stomped on it. Looks like my hallucinations are working in full force-----or am I hallucinating that I'm having hallucinations and the reality is-----waiting to unfold for the usual 38-50% retracement move. Everyone is extremely bearish now after a 30 day $12 Toilet Flush! This train is getting too crowded and that makes me very nervous.

Maybe Oct never makes it above 62.00 but I expect it to keep trying for a couple more weeks. I have great respect for the hog market to make a $5 move or at least a strong enough attempt to start filling up the Northbound which may or may not leave the station. I have a swing cycle low due between Aug 10th-17th and has been consistently using the mid month timeframe to put in the swing cycle low. Right or wrong, I had my hedgers make their deposits on the rest of their Oct hedges. All of my indicators are lined up to produce at least a 38% bounce back to test 64.00 resistance but if I'm hallucinating------there will be some mad producers that will quickly forget about their multiple 12-14 dollar deposits if they leave $2 on the table. I always tell them you have to make choices and then live with those choices-----and don't forget that "the market giveth and the market taketh away".

Messages In This Thread

Hog Market is full of surprises----
Yes, indeed, ITZ, these hogs can be - - -
Re: Hog Market is full of surprises----
Re: Dewey, I've been smelling------