MURICO.com Forum

Re: You may be correct Dewey

to be selling Feb hogs. I don't believe there is a big washout ready to happen but they could certainly have a bad week at some point to retest the Aug low in the 84.00 area. The daily chart is slowly losing its upward momentum. a potential roll over is setting up if the 9 day mov av @ 89.95 crosses below the 40 day @ 89.45. A minor sell signal will be triggered with a daily close below 89.45 and confirmed with 2 of them. A major sell signal triggered with a weekly close below 88.00 and confirmed with 2 wkly closes below 88.00. Just potential possibilities and needs to keep weekly closes above 90.00 to keep the positive momentum in tact. The $5 sideways range 87-92 if fine for me and my guess into the end of the year but I also have to treat it as a hallucination.

I was forced to have some producers put hedges on between 89.50-89.70 and a few orders setting at 89.90 just because momentum is trying to shift to down and the hog market addictive $10 range 84-94 is still operational.

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The final Purchase Index for - - -
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I tell you, Dewey, this meat-market is - - -
Re: You may be correct Dewey
Re: You may be correct Dewey
Re: DH, my $82 spread gave quick rewards
I am impressed, ITZ, with how - - -