rather nicely(knock on wood) because there is a lot of the trading day left. I had a nice setup to throw my south lines @ 61.92 with a 61.50 Deposit Target. If hogs manage to produce a Turn-Around-Tuesday then 61.50 has good potential to be able to produce an impulse reaction back up but has to get back to or above 62.30 to have any meaning. Back above 63.00 would be a clue that it may have found a bottom but still have to deal with bottom basing retest the low.

Anyway I spent some time yesterday afternoon presenting my Hallucination to my hedgers again for taking profits on 25% @ 61.50. I didn't convince very many except for my guys that have been with me through many battles. I did have a number of Deposit Order sitting @ 61.50. Now I wait to see if Plan A holds together or if Plan B gets called into play to reset half the hedges taken off if a breach of 61.30 happens. The next potential support area is---------oops they just got hit, sell stops @ 61.27. if 61.00 doesn't stop it then 60.60 is a very critical support for the closing bell.

too much on my plate today------hogs, cattle, feeders, and corn all ringing dinner bells and in a potential reversal or extended direction time frame. I may have to do a lot of recalculating.