MURICO.com Forum

Re:I was also waiting with sell orders----

but with Dec hogs for the expected pop to resistance between 56.00-56.20. I had a ton of producer orders starting at 56.00. I wasn't sure my preferred target @ 56.25 would have a chance so I squeezed my order in the middle @ 56.10 with a $1 risk. Momentum has shifted to down and my sell signal is still active as long as Oct does not close above 61.05 and Dec above 56.30. A roll over is setting up, which is my clue to get short Dec @ the 56.00-56.30 area. It would not surprise me to see the sell signals negated with one more trip to retest the recent high range------but since I lack a crystal ball and usually patience for that retest may be proven wrong------I have to go with the down momentum and the active sell signal getting a negation test.

I will be using Oct fishing lines on the North end as a safety valve to spread against my short Dec that I'm convicted to have out of respect for the 9 year Death Cycle Low that is still seeking the 9 year low. As usual it will mess with our minds before the next leg lower, leaves the station. We have a full 2 months before the Southbound arrives at its scheduled destination. If I'm correct about the 9 year low, that means last years 51.80 Nov low is a SCREAMER to be taken out. Any overkill which usually comes with the Death Cycle fueled by Record Production is determined by how massive that increased production amounts to. That Record Production has gotten very little Respect from the majority of market pundits and even less respect from the producers who will weather most of the pain. EXTREME HIGHS(2014) tend to produce EXTREME LOWS-----the Death Cycle will not be DENIED.

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Re:I was also waiting with sell orders----