I've been watching Hogs too. Just not sure how to play it. I like the idea of them going up from here. The CCI is telling me to be looking for a long position for about 2 days now. But ... at yesterday's close, we're right up at the upper line of a fork. If we see it break that line to the upside, the next warning line and perhaps some of that area of prior resistance above may come into play. Thing of it is, what kind of a stop would be appropriate? If we use the recent low of 56.10 (about 3 bars back), and an entry near yesterday's high, that's about an $800 stop. Too much for my tolerance. If we use a limit order to try to get in a little closer to yesterday's low, we might get a more palatable risk/reward, but I'd be kinda worried about the upper MLH of the red fork.

So all that being said, and leaving plenty unsaid, how would you play this one? Sincerely, I have been watching this one for the last few days wondering just how one would attack without leaving oneself open to a nasty hit.

Interested in your comments.

Good trades,

Brian T.