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Well, Dewey and ITZ, I, like Farmer Ed, - -
In Response To: Re:Dewey, you and me----- ()

talk hogs much better than I trade them. Now I'm not complaining about my results, mind you, it's just that I don't have the courage to really romp on things when the model seems to be giving me a directional signal.

Consider this:

On July 14 I posted, "The collapse of the QQQs sent the "Gap" wide opened at -12.82 at the settle with the QQQs at a discount to the component. I can't find where there has ever been a "Gap" close to that. Prior to this year the largest discount I have been able to locate was -6.3 set in early June of 2014. Tuesday the "Gap" closing dance begins when the QQQs become front month and what a dance it is going to be with a "Gap" like that!

"The collapse suffered by the QQQs today could scare the pants off of some producers causing them to sell QQQs to hedge their production. If this drop was a technical/emotional move not based on the current strong demand, it could reverse next week and strip some margin out of a bunch of producers' accounts."

The data and the model were clearly telling me to get long the QQQs and I could have piled on a bunch of QQQs below 80.

Did I do it??

Nah!!

But I did resist the temptation to stop out of the longs I had working and still have some of them.

Yup! I talk hogs much better than I trade them. Maybe with time I will get the courage to follow what the model is trying to tell me. Until then I will just keep muddling along.

Best wishes,

dhm

Messages In This Thread

Hogs by Ben DiCostanzo
Re:Dewey, you and me-----
Well, Dewey and ITZ, I, like Farmer Ed, - -