MURICO.com Forum

Re: Dewey, this sure frustrating----
In Response To: Hogs by Dennis Smith ()

with the way the market waits until the last minute to make its move------that is about ready to turn my strongly biased Hallucinations into Reality. Once again, a market ready to go DOWN-----makes a fast counter reversal, Smoke & Mirrors pop upward, two weeks ago, to pick some pockets and confuse the masses. At the same time cash was holding together to make the fundamental case that short positions were insane to stay on that train. As usual----market snake oil managed to work on my bias and confidence.

With the cattle market and hog market both making my bias look like complete foolish Hallucination, I gave in to the screams of hedgers to keep the profits they had and went to the bank with half of their hedges. I stubbornly hung onto my 1 April short but was very close to getting knocked off on Thursday. The March Washout has that look of putting the on $5 extension for the $10 washout. Only two days left until the report and only 2.40 away from the $10 target. Looks to me like 62.65 has just been put on the MENU. Cash is now loosing its grip and the market loves to try and OUTRUN cash that's falling.

One potential support roadblock left @ 64.47 and what happens if the report is B-E-A-R-I-S-H? A frightening thought, cause I have to listen to the producer screams of "What Could Have Been".

Messages In This Thread

The USDA is late -- - -
Hogs by Dennis Smith
Re: Dewey, this sure frustrating----