Okay, I'm still trying to get my footing here with this new format. I'm not sure where I'm going yet. We'll see...

Oooooooh, that was a very scawy bounce. Ooooooh, I'm intimidated.

Vewy scawy, indeed, Mr. Market. I was tremblin' in my boots. You sure scawed me right out with that one. Ooooooooh.

Now, seriously, caution time.

Thinks it's playing with children...

Well, I guess, mostly it is.

Now we'll see their intentions. New high for the move, deep into the area? Roll here at the first spot? Deep 'retest'? We shall see, indeed.

Okay, after some downside testing it looks like they want to really push this up. I'm liking it. I'd like a good test on the upside.

Bearish 'W2' ABCD at line here. Now we see. I think they want up, but let's see what they do here. This is way too obvious, way to 'classic' to me to 'work'.

As an aside, and a late one, but one that should be kind of obvious from my comments so far, I'm very short-term long-side bias off that 'cautious' area. The idea would be to play for the deep retest, new high for the move deep into the original posted area, or even a blowout of that area. I think there will be plenty of chances for additional short trades. In the meantime, if this is, indeed, a key shorting area, they'll want to shake it up a bit.

My premise for this area for a short was for a move to that area it hit today. Once that's hit it may need an even bigger bounce. It did it in reverse, so it's possible this may seek higher than the 92-96 area now. This is work for the weekend. In the meantime, let's see how it handles a few very short-term areas.

85

88.25

Low 90's.

84.50, first area is hit (85 is 'center of area'), and it 'sees' it. Pullback, or done? More likely a pullback I think, but we'll see.

I may eat those words about it being more likely a pullback... Even though that is technically not a correct statement, since everything is odds. Maybe I'm thinking 60% chance PB in here, 40% further down.

CDE got hit a little bit this week.