MURICO.com Forum

I call it the MARCH WASHOUT------

all my hog traders wait for it every year to grab the quick and common $10 payoff for June hogs. I've seen it punch a $15 payoff but there are a few years where the payoff is only $5. Because it's the MARCH WASHOUT the bottom support should show up in March. This Flush started way too early so I was kind expecting a bounce off of a $6 drop to retag roll over resistance @ 103. I have cycle rotations between March 8th to March 15th to put in the $10 drop at the 2 correction lines waiting to be spring board lines @ 86.75 down to 86.05. I just noticed today's low did almost kiss the first potential springboard line, probably blew it a kiss so it could get a bounce started. In two weeks they will be 1.50-2.00 dollars lower to grab a stronger lip lock kiss. We have our orders waiting @ 86.35 and keeping our fingers crossed that it doesn't turn into a $15 flush because $2.50 is our max damage control risk.

The market controllers are doing a lot of strange abnormal things with all markets since Dec. I have seen the March WashOut begin late the last week in March but never be almost done before we get to March. I have kind of forgotten about "expect the unexpected aspects of trading". If June hits our target we are gonna be long and then sweat it out concerning our stops. I've been interrupted with phone calls as I've been writing this and now June has come back lower and planted a stronger kiss on the 2nd correction line @ 97.62 and getting a little spring started again.