MURICO.com Forum

Re: The day of reckoning-----

is just about here, with the index and the board preparing for kiss somewhere between 64.00-64.70. The QUESTION IS------will that kiss cause a passionate explosion back up with the board chasing cash----or will the kiss cause the cash to PUKE with rejection of this resistance area and the board chasing after. I guess they both could be stunned from the kiss and sit here in a $3 DAZE for 2 weeks. Regardless of the initial reaction my money will be focused on catching the next $10 plus Southbound for Dec hogs. Whether that starts from the 58.50-59.00 area or the 60-61 area------the 9 year Death Cycle Low will not be denied a new weekly/monthly chart low. The market May or May Not feel an obligation to fill the weekly chart gap @ 66.80 and use Oct hogs to Git R Done.

Last years Nov low was put in @ 51.80 when the market was overlooking the new record production taking place. That record production is increasing and the only way to stop it----is with lower prices. The market is well aware of this increasing record production that will soon get another surge in the next 2-3 months. The hog market loves a Smoke & Mirrors, psych play of a quick POP higher----to suck in a bunch of Bulls for a Bull Trap just before the next Sink Hole opens up. It's all about, fill the train with weak longs, for STOP RUNNING FUEL to flip the switch for the SINK HOLE. I've been part of that FUEL SUPPLY too many times until I learned how to Fish and use it to my advantage.

That's my two cents worth because I have great respect for the wrath of Over Production that is a Magnet to bring on the 9 year Death Cycle Low. It's track record is as close to 100% as you can get. The timing can be a bit erratic for the Grand Finale but I will not bet against it. Even though I will cast my fishing lines against it, I will always have plenty of lines working the south end(already have some set) in expectation of latching onto a Whale because it's out there, just waiting for the Dinner Bell and getting hungrier by the day.

Messages In This Thread

The CME component on the kill for - - -
Re: The day of reckoning-----
Thanks for an interesting post, ITZ. The - - -
Re: No sooner had I posted and----