MURICO.com Forum

Re: I'm not so sure DH------

that the timing for "here we go" is ready to kick in. Even though todays pop back to 69.00 makes it seem like the market is ready to explode higher-----I'm still dealing with yesterdays Hallucination pointing at 65.00 for Feb hogs. I was prepared for todays move to pop back to 68.60 if it broke through 67.60 where I had my fishing lines set along with stops for my hedges from yesterday. When it hit the resistance at 69.00 much to my surprise-----I reset those hedges at 69.00. Right or wrong was not given a thought, that will be dealt with on Friday if it hits 69.80 the first hour.

I still have 5-6 days left on the 30 day downtrend cycle and until there is a daily close above 70.00------Feb hogs are still in a downtrend. Same for Dec, it has to get daily closes above 63.45 before I can say it has Up momentum back. We may not see new lows and my 65.00 Hallucination for Feb, may prove to be just that but a retest of 67.00 support is an easy possibility to have happen. If Feb breaks 66.50 it can very easily and quickly be pulled down to 65.00. It doesn't matter to me what happens next, as long as I don't fall asleep and fail to have a plan. At the moment I'm having trouble shaking off this dare Hallucination of 65.00 for Feb hogs.

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The CME Lean Hog Index component on the kill for -
Re: I'm not so sure DH------