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Re: DH, I've watched you trade the expiration

enough years, to know better than trade against you. So I'll patiently wait for the fish to bite on the north end setups for April hogs that may not happen until it becomes front month. I do know that a $5 pop can/will happen just on a 2-3 day round of profit taking. It also always seems to happen when the sellers have become to comfortable selling $1-$2 pops, the easy thing to do. This brings on the psych trade surprise when 4-5 dollar resistance above the low with heavy selling being the thing to do because the fundamentals haven't changed and the trade is oversold about the time packers decide to pay up a bit because they know ahead of us that demand is a bit better. This triggers the $5 extension to a $10 rally that catches everyone but the fishermen with their pants down. Doesn't mean the downtrend is over, just a pause for a balancing move to an oversold market. Usually happens sooner than this but cash doesn't usually go into this long of a trend.

The 2014 explosion was not usual either, so it appears we are trapped in markets doing the unusual. The only constant that has remained over the last couple years is the BALANCING ADDICTION markets have no other choice but to abide by, what appears to me to be the 1 market rule of engagement. A lot like my Prime Directive. I have note in BOLD LETTERS on my computer to keep me reminded that any size of profit is all that matters----tomorrow is a new BALL GAME.

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