MURICO.com Forum

Now What-----

who blinks first----cash or the board. All kinds of potential support between 63.00-63.67 as the potential $5 trading range could be set anytime now. With cash not seeming to be in any hurry to try and tag the board-----could cause the board to find a Bounce Point for a 50% retracement impulse at any time. As I keep my eye on the 15 day swing cycle and the 30 day swing cycle, I see that Dec hogs had a support low on Oct 27th @ 63.67 to begin the Launch to complete the $10 Addiction move PLUS some Overkill now price has come back down to where it started for day 11 of my cycle count. Two to three days of bottom basing in this possible-potential 63.00-63.67 support area, would/could set the stage for the common occurrence of the 50% retracement rally. If it manages to get back above 65.67------I'm not sure I would want to be short. If it struggles to get above 65.30-----I'm not sure I would want to be long.

Already trying to out guess the market(usually is not successful) but I have to go with the small Hallucinations since I don't have any big ones yet. I made deposits @ 63.80 on a pair of opening South Line catches and I also had hedgers take profits on 25% of their load. I may regret that but a bounce back to 65.30 seems almost a given at some point but could prove to be one of those Hallucinations that never finds Reality but I have to do what I do so often-----trade the Hallucination with the help of Damage Control. I win some and I lose some but the averages suggest a green light to give it a try but do it responsibly. My hedgers have orders working between 63.20-63.50 to peel off another 25% and judge any bounce next week to look at reloading-----if there is a bounce. We do this expecting to be wrong----so many times we get forced back into our shorts as quickly as we take them off.

I'm only doing this with my experienced guys that have an understanding for the Way of the Market.

Messages In This Thread

Now What-----
I wish I knew "What", ITZ. Packers seem - - -
Re: DH, a couple producers------