Starting it off.

And the beat goes on...

http://money.msn.com/investing/post--is-gm-headed-for-another-subprime-loan-crisis

That was a nice dip for loading up there. By the open or soon after I'd suspect it will be a mega 'cah-ching'. A further shakeout, though, is possible, as they like to play that game when it's laid out like this.

Just got up to use the restroom and did a quick check. So far, so good off that dip. I'm very pleased with the action. I can go back to sleep now with a smile on my face. It's going to be exciting to wake up and see what it has done in the next few hours, and how they'll set it up for the open. Great stuff...

perfect long entry at retest

right to the .786 at line

Okay, this just took out a super-key area. Is it really going to that 65 area today? I'm not seeing that, but it sure acts like it.

BTW, I rate today at least a 10 out of 10 from a trading potential standpoint. Everything since last night has just been technically awesome. This is truly 'as good as it gets' in my book. I point this out only so readers can study all this, and see if they can find all the aspects of why I think this is just wonderful action for trading.

That said, I'm surely feeling cautious here at this 60 area, in case it doesn't make the 65 area. I think it will, but I'm just being very wary here.

Well, the most important thing for me, assuming I don't know, is to be able to estimate probabilities, look for a 'safe' place in, and then be able to read and accept (the latter is a big failing of many aspiring traders, IMO) what actually happens, and react accordingly (according to the 'Trading Plan'). That's all we can do as traders, and if the plan is a net positive outcome plan, that's all we need to do. Get in, deal with the ugly, and grind it out on the seats of our leather a#@es. That's my take.