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Re: Dewey, you might be 1 day off----

for your Turn-Around-Day. You were sort of correct on a turn-around for today----it did turn around the 2nd hour to make it look like it found a bottom but changed its mind the last hour for another turn around for a new low. You had the turn-around part right but just not the way you wanted. Anyway, tomorrows Friday and you may get what you were looking to happen today.

I have a spec trader that's been begging for a spot to get long Oct hogs-----I have been telling him he's not ready to take on the hog market-----stick to the corn market with less risk and milder Beatings. He wanted to get short Oct hogs last Friday and I convinced him to wait for Monday with an 80.40 sell order----the market didn't even consider that. All week I've been telling him Oct hogs had a mission to take out the July 9th low at 67.42 but I had no expectations whether that area would be a stopper to produce a decent bounce. He kept begging me to give him a potential target low. He was determined to put in a order and agreed to use a $1.50 damage control stop. I gave him a range for a potential Springboard Line at the 66.70-67.30 area that can sometimes be a stopper to give a bounce. He went with 67.00 and I told him don't be surprised if he gets hit with a $1.50 donation.

I figured the market had found its low the first hour and I wouldn't have to worry about him screaming over getting whacked for a donation. I was stunned with the end of day drop that gave him his long position he was begging for and now he is not so confident since it didn't give him an immediate reaction bounce. I told him it didn't have enough time but closing back above the 67.42 low that was taken out, is a good sign but means nothing until we see what the first hour does tomorrow. I'm guessing he will tell me in the morning to get him out at the open. Courage only lasts so long when your facing a potential beating.

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Re: Dewey, you might be 1 day off----
Another 10% tariff on Chinese imports - - -
Re: Another 10% tariff on Chinese imports - - -