JUL HOGS: This market is enough to drive you to drink! What looks great one day, looks like disaster the next. Its constant flip, flopping back and forth is confusing. What does remain constant is that the 83.50 level was resistance again today and stopped the market. Looking at the market as a whole, it continues to suggest a potential top. But to trade it or position in it would be a nightmare. Just watching. Closed 82.05, down .52.

I had not seen anything on Judy for awhile until this post. I also read another analyst comments on hogs - "The board is discount which is a warning sign. Today's flash crash was a warning sign. The fact that futures were sharply lower on Monday (for no apparent reason) followed by recovery on Tuesday with a choppy trade on Wednesday followed by another sharply lower trade on Thursday is another warning sign of a top. The fundamentals still appear very bullish. I don't and won't pretend to understand."

DH & Itz I thought I had the market figured out but it figured me out!! Itz your 500 pt move on the Aug was made if it will only bounce tomorrow I will be ok if not I am going to have to do some fancy footwork because I am now long the August!! Oh, how the worm turns! I still think we will have the 4th of July demand but I am not as sure as I was!

Dewey