MURICO.com Forum

Re: Dewey, it's good to hear somebody
In Response To: Re: DH, that's the frustrating ()

had a good day. Since it wasn't me, I'm glad somebody deserving made deposits. This week has started with frustration right where last weeks frustration left off. I started the day with the correct thought process for a pair of sell stops @ 96.20 but when it bounced off of 95.00 I fell for the trap of trying to out think the market and reversed thinking 96.00 deserved a quick kiss and I ended up giving back all my profits from the shorts. I just can't shake this nagging impulse to be long from the 94-95 area which is still painting a picture of a slight uptrend in place off of the 9/18 90.90 low with higher highs and higher lows.

The problem is getting a daily close above the Dec 100 day av 95.62. When/IF that happens the launch begins for the ride to 100-101 and if cash hasn't taken a step backwards into Oct expiration, all of the ingredients are there for Dec hoggies to test the 105.50 contract high. Triple top hits @ 105.50 back in early July, Triple Tops are ment to be broken but lessor value since they happened in a 7 day time span. My cycles suggest abundant energy and volatility for big price swings all of Oct. UP or DOWN that is the QUESTION? Daily close above 99.00 swings the door wide open for the 105.50 retest target. Daily close below 90.90 swings the basement door wide open for the 8/21 84.27 target retest. Don't under estimate the hog market with this much cycle energy present, it is possible to DO BOTH between now and Dec expiration. Dec hogs should not be $13 below expiring Oct or $73 below Dec cattle. The BIG MONEY and ALGO traders have created market swings ON STERIODS(all for their financial benefit) and the month of Oct could give us an overdose.

Messages In This Thread

The final Purchase Index for - - -
Re: DH, this is driving me crazy
Re: DH, this is driving me crazy
Re: Sometimes, after the thick of battle
It seems to me, ITZ, like the BIG GUYs - - -
Re: DH, that's the frustrating
Re: DH, that's the frustrating
Re: Dewey, it's good to hear somebody