MURICO.com Forum

Re: DH, they have to hit bottom

before they can have a substantial bounce-------and I don't believe they have hit bottom yet. I'm still holding shorts for my 86.80 target and wanting a retest of 90.00 to add more, this is when the surprises always show up when I become over convicted my target low has to happen as I get the chance to fill the boat. BAM!! upper cut and I find myself in the woodshed in pain. Wouldn't be the first time and won't be the last. All the clues are signaling the $10 move in progress and on schedule for the 3 week cycle to complete the move in the next 6 trading days.

Will it over shoot the target for typical $2 extension to 85.00, very probable but doesn't have to. I just don't want any funny stuff now like a retest of 92.00 to take me out of my comfort zone and red line my anxiety meter. Cash will decide whether a return to 97.00 happens or not. With the mindset heavy for the usual BEAT DOWN into Thanksgiving another psych trade has very good potential to throw another change up of abnormal in this abnormal year for the hog market as well as other markets. I like to step outside the BOX of logic and sometimes to far which is the cause of my hallucinations. After all that has happened this year I find it hard to believe the market will just go back to normal. If nothing else, when Dec finds the bottom it will go into a $5 range of building the launching pad for the launch back to 97.00 that maybe Feb hogs get the benefit of the base building Dec puts in.

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The final Purchase Index for - - -
Hogs by Dennis Smith
Re: DH, they have to hit bottom