My order I had waiting @ 76.90 to buy June hogs was hit today. I say maybe patience paid off because its not a Done Deal yet, Damage Control could take me out. I seldom give $2 risk but I occasionally do but don't like to because I usually regret it. My normal comfort zone risk is $1 but under the circumstances I feel the need to give it a little more room to play. A little more weakness to test 76.00 would not surprise me or bother me. This is just too perfect of a Lucky Guess to be true.
Not completely a guess since I had a major cycle low due this week, followed by a transition cycle next week, with a positive cycle the first 10 days of Feb. The 76.00-77.00 area is a textbook Time & Price squaring target for a cycle low that also brings a qualifying 5th wave down off the 85.52 contract high. Everything I look for when mustering up the courage for a Bottom Picking attempt. The one remaining concern is how much Over Kill are we going to get. The way it plays out with most Bottom Picking attempts, is just enough Over Kill to hit my Damage Control to Kill the hard to muster courage. Damage Control sitting @ 75.35 so I'm feeling ok at the moment but anxiety will set in, to tempt me to use the norm for Damage Control.