MURICO.com Forum

Re: Spike, the cattle market----

has me frustrated and thinking too hard since the middle of last week. I had trouble deciding whether to be long or short. I was short to start the week but reversed back to long June today @ 163.70 and will spread short Aug against it until next weeks final drop to find bottom support for my cycle low on the 24th or 25th. By the time we enter the month of June, the Bull will be ready to go after new contract highs for the June contract before the end of June. If that fails to happen then I'll know the Bull market has reached the top of the mountain with the April contract rather than my favorite Oct that may only retest that area rather than my target of 184.00.

The June contract is acting like it will pop up to the 165.50 area by Friday to set up the reversal on Monday for a three day Flush of 3.50-4.00. I expect 160.50-161.50 area to be the final support low for June to begin its bull market rally to 168.00. I have ?? for the possibility of 170.00. I doubt that will happen but won't be surprised if it does, same with my original downside target for the May correction target of 158.00. I doubt it will happen but won't be surprised if it does, I'm sure not going to wait for it to happen.

Messages In This Thread

Prepare to enter the Twilight Zone---
Re: Prepare to enter the Twilight Zone---
Re: Spike, the cattle market----
Re: Prepare to enter the Twilight Zone---