MURICO.com Forum

Re: I'm feeling lucky today DH,----

I sure didn't expect to be rewarded so quickly. Call me crazy but I plan on sticking with my Hallucinations that are screaming "the Countdown for the Launch has started". The subtle clues are starting to show up that Somebody knows something that the majority does NOT. The Launching Pad has been built, the only question is whether it gets used for an Oct contract Launch. That doesn't seem logically possible but the market often uses logic against us as a trap, to gain Stop Runner Fuel to make Liftoff successful. Then the reasons come out for additional Stop Runner Fuel to get it past the Gravity Zone and on its way to the Moon. Liftoff begins @ a daily close above 69.12 and confirmed with a daily close above 69.90.

I have been contemplating the possibilities of a Sept Launch since early Aug, with a 180 count cycle low due in early Sept. Wednesday was a potential reversal day and failure to put in a new low had those Hallucinations screaming so loud I couldn't stand it anymore. I had no other choice but take a chance on some calls------I wasn't risking much, so it was an easy choice. My major motivator for the Oct contract Launch is the consistent Addiction for the Oct contract to mimic what the April contract did. The 180 count cycle triggered the April contract Launch of $24 if my memory serves me correct but I do know it had a high of 82.00 and settled @ 78.00 or 79.00 area. With that as a guide, I would not be surprised to see the Oct contract get a Launch to the 78.00-80.00 area. There could be some drag at 75.00 but the 50% retracement(very common objective) of the drop off of the contract highs is 77.30. The 61.8% retracement @ 81.55 is not unattainable. Oct doing a mimic of the April contract is one of the stronger Addictions that the hog market is a slave to. It just can't help itself, just like the $10 trading range for up or down movement.

The month of August, Oct was trapped in a $10 range from 70.00 down to 60.00. Now in Sept 60.00 has held and its headed back up to 70.00 in an attempt to get Liftoff for a Launch to maybe go after the $10 Addiction move. If successful it would be a typical hog market Flip Trade for the Balancing Act(another Addiction) $10 below 70.00 so if it breaks above 70.00 it Rebalances by going $10 above 70.00. Another thought for possibilities is right in the middle of the contract trading range between 75.00-77.00. The key to what happens the final weeks of the Oct contract, is whether it does or doesn't get Liftoff with a daily close above 69.90. I have to believe it will go with the Addiction to mimic the April contract.

Messages In This Thread

V 2hr chart *PIC*
Re: V 2hr chart
Re: Spike, I'm having similar------
Well, ITZ, if the pre-opening means anything - -
Re: DH, the volatility is so wicked----
It looks to me, ITZ, like your 66 and 68 - - -
Re: I'm feeling lucky today DH,----
Thanks for an interesting read, ITZ. Now - -