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| I’m just of the opinion anytime the market assumes the worst ahead of time, by the time we get there it’ll be nothing like we feared.
I see no reason for higher, and the current trend is lower. Large spec money has been pitching longs and adding shorts. They are the least long that they have been in couple years. In past 3 weeks kills have increased and we are killing our way through this wall. Weights in our area are probably down, but that’s may just be a regional thing. May not be of concern. Need large spec money money to come back in buying. But June and August have been discounted to cash and April for so long, there could be an explosion...
Just my beliefs. I had thought back in December our lows would occur in April and highs occur in August. Time will tell. | |
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