MURICO.com Forum

Re: Dewey, I have to agree----
In Response To: Hogs by Judy Crawford ()

with everything Judy is saying------all of these things are signaling a loss of upward momentum, so the caution flags are out for those with long positions. However, this being the hog market doesn't mean DOWN momentum has to kick in, just the early warning clues dictating "don't get to convicted with your position". I had an 82.50 long I held through the weekend and to my dismay was forced out of it @ breakeven yesterday. Now I sitting here scratching my head with confusion and unable to pick a bias for which coat I want to put on. So I remain in my fishing gear waiting------for a nibble and then maybe one of the Dinner Bells will ring. I'm plenty busy with the corn market in the middle of a weather market rally, so I don't have to worry about getting bored or falling asleep while I wait for those hog market Dinner Bell Ringers to happen.

One key point from Judy's comments-------the outside bar she mentions-------a daily close above or below the high or low has a high percentage chance(80%) of setting direction. I for one will jump on it. I already have fishing lines on both ends waiting for the break and the daily close will confirm or deny whether I jump with add ons.

Messages In This Thread

Hogs by Judy Crawford
Judy may be right, Dewey. Many - - -
Re: Dewey, I have to agree----
Re: Dewey, I have to agree----