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Re: I don't know about 79.80 DH,

but I can make a case for 80.20 on my radar screen. Just because it's on the radar doesn't mean it will happen but my courage to carry a pair of 81.20 longs through the weekend was shot down with the afternoon trade. My courage was deflating fast even before my 81.10 stops were hit. Even with the current setup giving a look that a pop to 84-85 can happen at any time, there's no reason for anyone to get in a hurry to be long now that the cattle/hog spread has gone psychotic. Feb hogs may need 1 more puke to tease traders into selling weakness to generate some buy stops. It's probably irrelevant to read anything into todays range since many traders were probably absent or not willing to place their bets.

I just realized this is not Friday, I still have 1 more day of trading before I get paranoid about carry into the weekend. No wonder there's such psychotic action taking place, there may have been others thinking weekend.

Messages In This Thread

The CME component on the kill for - - -
Re: I don't know about 79.80 DH,
The Feb cattle/hog spread really is psychotic, -