for the April contract------OK by me, I'm tired of waiting for the "Rug Pulling Event" and it's been difficult keeping up the morale for my hedgers sitting on 71.40-72.50 shorts. They have been screaming at me "We should have waited for 74.00". It could still happen but the odds have been lowered drastically with todays chart damage and sell signal triggers. First on the break of 69.00, then another on the break of 68.22 and another @ 67.80. The 64.00 target has been marked to try and be a stopper. the only safety net left is the Jan 27th low @ 66.62. If, more of a case of WHEN 66.62 is broken, the full force of the March Washout will open the Sink Hole for the 60.00 old support from Nov-Dec or the 62.00 old upside breakout resistance from early Dec. Also the addiction $10 range.

A knee jerk back to 70.00 is likely to happen but I'm very surprised and DISAPPOINTED that my 72.50 and 72.90 orders did not get hit and probably never will. That's OK, my fishing lines have been waiting for over two weeks @ 68.97 and 68.20. I never expected them both to be hit the same day and certainly not today. That's why I threw lines out at 69.72 and 69.50 for today and maybe get a hit on 69.10. I was actually focused on the cattle market today and was surprised with a mass of Dinner Bells ringing while I was analyzing the correctness of my cattle trades. The thought going through my head at the time, "I shouldn't be getting that many fills------oh yes I should with the number of sell stops I have sitting at 68.97 on April hogs". Surprise, Surprise, it never ceases to amaze me how the best trades surprise me at their moment of choice.

Made some nice deposits today and holding a pair of 69.70 short April hogs. That's $3 lower than where I wanted them----------but momentum is on my side working for me and not against me. No anxiety as compared to getting my choice at 72.70