Welcome back everybody! I just returned from my longest holidays in many years. And it looks like the best trading action of the year started just after I left and lasted for whole that period... Coincidence? :-)
Fortunately charts tell us, that it should last for at least some time to come:

I don't think it will slow it down, but somewhere in here it gets tricky.

Very tricky...

Are you thinking about comparison of such moves?

So, Jim, how did you know to be extra watchful in that 18.75 area? Tools. It's all about the tools. Do you swear to use the tools, all the tools, and nothing but the tools? Yes, yes, I do, Your Honor.

It's surely a line to watch.

Originally posted by jarek

Are you thinking about comparison of such moves?

Click image for original size

Down 6.50 so far off that 18.75. Glad I made a mention of that before it played out.

I was typing fast to get all this posted while I was trying to attend to business. In rereading this it may not be clear what I meant. I don't think this area is going to reverse the higher timeframe upside momentum. jarke's line is very key, though, to that premise. I felt this area would produce an intraday checkback, perhaps even a nice-sized correction, but I don't think it will end the upside run. We'll see, though. In hindsight, if it did end the run, looking at the line jarek showed, it wouldn't seem unusual.

Originally posted by jimkane

I don't think it will slow it down, but somewhere in here it gets tricky.

let's see if they mean it....

Down 10.75 now. Suh-weet. What a nice way to end the intraday trading.

finally...