MURICO.com Forum

Re: I'm starting to smell the stench

of a psych trade preparing April to run back to the top of the $5 range, 70-75. The market seems to be having trouble finding sellers to take this down to my 69.50 target. The sucker fish smell is causing a good deal of anxiety for me. I made a small deposit selling the open yesterday and sold the kiss of the 60 min 9 bar moving av early this morning which has my patience for a shot of downside energy has disappeared. I don't like what I see with the poor results of the market trying to push April lower.

I'm a cycle rider in my fishing expeditions and the cycles are stirring the waters for bigger fish on the north end. My cycles are calling for a good chance for a trend reversal attempt kicking in between Feb 2nd to Feb 9th. There's also a chance for the LAST PUKE in that time frame to create the bounce needed to get back to 75.00 but I've exhausted my patience. I've pulled all my south end fishing lines and have started setting them on the north end, beginning at 71.55 and 72.90 and wait to be surprised as I go about my full plate of other responsibilities. The dollar, oil, corn, and beans are all paying respect to this reversal cycle by showing some amount of reversal energy for bounces that should turn into rallies as we get further into the month of Feb.

Yes, hog march to their own drummer but they also respect the dominant cycles in their own way and time. If my 69.50 target is forced to come happen, I've gotta do what I've gotta do----------make another bottom picking attempt based on the dominant cycle which is currently giving some bounce to other markets. Feb expiration is the culprit preventing a reversal and after next week it will be history and April can write it's own story.

Messages In This Thread

The final Purchase Index for - - -
Re: I'm starting to smell the stench
If we are in the expansion phase of - - -
From the noon reports, ITZ, it looks - - -
Re: DH, I've watched you trade the expiration