Even Hogs Respond to the Candles

It is said that pigs are among the most intelligent of animals.  They really don’t care much for mud; what they are trying to do by rolling in mud is to cool off.  Prices of hogs on the market cool off once in a while, too, and we have just seen it happen.  Could the decline have been foretold?  The short answer is Yes.  At the recent peak in prices, a Japanese Candlestick pattern emerged which, together with other Indicators, predicted that prices would fall, and they have.  Lucky, or more properly observant, viewers of the scene who had some knowledge of the way the candles work could have gone short the hog market; and to date their investment would look quite profitable on paper.  The important thing now is to emplace a buy-stop above the current price, and trail it down as and if the market price continues to decline, so as to lock in profit and, eventually, to convert paper profit to real money when the safety buy-stop is hit.  Timing is everything!