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Re: DH, I believe you are seeing

the big picture correctly but the market is trying to make you think your hallucinating. Oct hogs are still trending higher as long as they stay above 105.00. If they survive a strong downturn this week, the 2 minute warning for the end of game on the Oct contract should keep it in a $2 range for the final 10 days barring any cash surprises. I see a strong technical setup for a gap filling move to 110.45 since its this close. I was telling producers in early Aug I didn't want to hedge Oct hogs because they had the setup for a $20 rally into early Sept. Then I watch them puke another $10 for 3 weeks and had producers threatening to never talk to me again or worse. At least my research and analysis has been vindicated with this $18 launch off of the 90.45 Aug 21st low. The market Gods may show me favor and give me the $20 rally I was so confident of getting 2 months ago. As always the market has a way taking good solid research and market experience, then prove you wrong just long enough to TAKE your money and make everyone angry, then prove you CORRECT. I know this is the markets PRIME DIRECTIVE under the rules of engagement but its very hard to make most understand this.

Oct hogs have 3 weeks of solid base support at 105.00 so I have to assume that will hold as the hoggies try to stretch that support area into another one of those addictive $5 moves that is half way complete but running out of time. The half way point tends to show up as the point of failure. It aint over til the clock runs out, the 2 minute warning just sounded and the abundant cycle energy the next 2 weeks, provides the makings for a very exciting final 2 minutes to the game for Oct hogs. I continue to favor the BULL team and I continue to bet on them although I've had bets on both teams this week, the bulls have given me larger deposits. I took a clue from the 1st 60 min close and bought a pair of Dec @ 93.75 and my fishing lines snagged a pair @ 94.72. I may be forced to cut them loose again.

Messages In This Thread

The CME component on the kill for - - -
Re: DH, I believe you are seeing
Dunno, ITZ. There is little evidence that - - -