MURICO.com Forum

Re: DH, the market is doing a good job

of playing the mind games on me. One day I'm convinced Dec hogs are ready to launch and the next day as today I'm convinced my 86.80-87.20 target has to happen to create the BOUNCE EFFECT to start the LAUNCH. I sold the bounce @ my bounce area 89.20 since yesterdays move turned momentum back down. I also had fishing lines setting at 87.92 to snag another pair that has me worried since the 10-24 low of 87.72 has not been able to break or even crack. 30 minutes of trade should have broken it. My anxiety meter is creeping up to the red line where my hallucinations start popping up. Stops set at 88.20 on the last pair and 88.90 on the first. If 88.20 stops me out of 1 pair, I may give into emotion and take my profits on the 89.20's so I make sure the PRIME DIRECTIVE is satisfied with a deposit for the day. Target to liquidate all is 87.40 if the hallucinations don't get the best of me first.

Do you by any chance have an average or typical number of days for downtrend to last before cash finds a bottom and stabilizes or reverses. I'm trying to get some idea whether my cycles suggesting a possible reversal in the next 7 trading days or an extention leg lower will be the play. I guess we could get both a 7 day extention lower 83-84 and then a reversal at my Nov 10th cycle widow. That would give Dec hogs a full month to mount the addictive $10 rally. Not to my 97.00 target several weeks ago but still giving me the $10 rally that my hallucinations are still haunting me with.

Messages In This Thread

The final Purchase Index for - - -
Re: The final Purchase Index for - - -
Hogs are down and - - -
Re: Hogs are down and - - -
Now I'm - - -
Re: DH, the market is doing a good job
Well, ITZ, I see you got you 87.40 - - -
Re: DH, it would have been nice
I found your dissertation about - - -
Re: DH, I always leg into