MURICO.com Forum

Re: Well DH, I didn't waste anytime----

getting my hedgers out, when it dropped back below 76.00. Tuesday, I was trying to convince everyone to set there stops @ 76.00 because I didn't want them to panic if/when they started looking at a 2 or 3 dollar loss. I also had to remind them that we are in the middle of the most positive seasonal timeframe and best chance of increased demand starts now. They wanted nothing to do with the thought of getting stopped out so soon. At the start of the day yesterday, they were losing their courage and I got them to agree to cut em loose if it dropped back to my potential Springboard Line at 75.85. They were more than willing------of course I had to oversell the potential upside possibilities, that the door was now open for the 80.00 target.

I wasn't making that up but I did make it sound like it could happen quickly. I don't want them wasting their ammo on the June contract. I explained to them that they needed to save their ammo for the Big Fish----Aug and Oct. A nice rally into the 4th of July will turn the masses bullish to empty the Southbound, fill up the Northbound and top off the weekly/monthly charts to then get the reminder of new and higher record production that is looking at the upcoming poor seasonal demand trying to remove pork from overflowing pipeline. We know how that plays out-------LOOKOUT BELOW----a SINK HOLE------to retest the 2016 lows. That's my current Hallucination that has been with me since the beginning of the year and getting stronger as we approach the July timeframe for the Down Reversal----to be Set and waiting for the Trigger to start the journey for the next Southbound Trip-----the annual Fall into the Fall 4th Quarter Season. There is always the question of whether it will be done and over by mid Sept/early Oct or extend into a full scale THANKSGIVING BLOODBATH.

Messages In This Thread

The final Purchase Index for - - -
Re: Well DH, I didn't waste anytime----
Thanks for your thoughts, ITZ. I feel - - -
Re: Well DH, I didn't waste anytime----
To quote Long Bear, Tim, "In the hog - - -
Re: Tim, DH summed it up-----