MURICO.com Forum

Potential retest of the highs------

from last week, has just been put on the MENU. My north lines got the call @ 54.05 which didn't surprise me. Deposit made @ 54.50 on the first pair and I grabbed them again @ 54.20 with deposit orders setting @ 54.80 and just moved Damage Control up to 53.97. At the end of the hour it gets pulled up to break even.

It wouldn't bother me at all to see new highs today or tomorrow since my daily count cycle is calling for a cycle high in conjunction with the 30 count addiction that has been very precise this year, to bring on a reversal for new direction. I just don't want to get a curve ball with the new direction being a $5 extension higher. I don't believe the fundamentals support that option for a $5 extension higher-------unless the next pitch turns out to be a change up and the fundamentals change before anyone realizes a change up has been thrown. All markets are very good with that "Change Up Pitch" when the masses are all looking in the same direction. BRING IT ON-----my fishing lines are ready for what ever we get thrown our way. I wish I could say the same for my producers who are packing on the hedges. I only have a few guys whose minds are capable of understanding and willing to make use of the ART of FISHING.

OH FIDDLE STICKS-----they pounded my Damage Control before I had a chance to move it up to breakeven. They are starting to get a bit slippery.