MURICO.com Forum

Re: Well Dewey, I always seem-----
In Response To: Re: Out of all my long Oct ()

to be doing the opposite of others------sometimes it pays and sometimes it leaves me with regrets. I caught a pair of Oct at the open @ 65.00 and made my desired 50 cent deposit. Then I started thinking(which can be dangerous) and bot 1 replacement @ 66.60 thinking my next target @ 67.10 had a good chance of happening. My Hallucinations have been giving me a tremendous urge to get long Oct hogs. Maybe I don't have my focus back after 3 days away. Usually takes as many days to get back in the zone.

Once again we are looking at the new front month ready to take over-----with a larger than needed deficit to the expiring front month. Looking at the weekly and monthly charts, I can make a case for a lot of support @ 66.00-67.00. That could be a product of my Hallucinations------just because there is potential for support------doesn't mean it will support------could drop to 62.00 quickly and then catch an impulse wave back to 66.00-67.00. My Hallucinations have me believing it pops to 68.00-70.00 and then back tracks to retest 66.00 support or then go after 62.00 if 66.00 gives out. First I need to see several daily closes above 67.00 to start believing my Hallucinations have a chance to become reality.

Monday could be exciting with Oct hogs showing a $16 deficit to Aug and another packing plant ready to come on line with added demand------only the market knows how this plays out but I'll bet the packers have a good idea what will happen next.

Messages In This Thread

Out of all my long Oct
You have been doing a great job, Dewey, - - -
Re: Out of all my long Oct
Re: Out of all my long Oct
Re: Well Dewey, I always seem-----