Lean Hogs

Quote from Buy1Sell2:

Your chart is more bearish looking than mine. I think short is best for now unless 65.60 is violated significantly.
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This is a trade that I did not put on as It would have overleveraged me with the numerous other trades that I have going. So far, it would have been a good one.
 
Quote from Buy1Sell2:

This is a trade that I did not put on as It would have overleveraged me with the numerous other trades that I have going. So far, it would have been a good one.
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Agree, when we violated 60.95 I replaced the stop to 62.50 and have been holding on for the ride. It would have been nice to load up as well but I never go further out on a limb than 10 in hogs and this one is only 5.
 
Quote from optionpro007:

It sure looks like we have a "clear" to go on Dec hogies.

is anybody long ? or short ? comments ?

:)
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OP007,

IMHO, we are still trying to create a bottom down here but nothing has confirmed it yet. I reversed my short position Friday afternoon but I have an extremely tight stop in place. I want to see a re-test of 58.350 and a failure to breach it before I jump in with both feet.
 
makes sense..

good luck!


Quote from ProfLogic:

OP007,

IMHO, we are still trying to create a bottom down here but nothing has confirmed it yet. I reversed my short position Friday afternoon but I have an extremely tight stop in place. I want to see a re-test of 58.350 and a failure to breach it before I jump in with both feet.
More...
 
Quote from ProfLogic:

OP007,

IMHO, we are still trying to create a bottom down here but nothing has confirmed it yet. I reversed my short position Friday afternoon but I have an extremely tight stop in place. I want to see a re-test of 58.350 and a failure to breach it before I jump in with both feet.
More...

Got to love those Dec. Hogs!
 
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