Starting it off.
I hope to be more active this week.

35.50 points lower than yesterday. Ya gotta love it. What did I say yesterday in my last post? Oh, yeah: "I'm excited about some downside."

So, is it headed to the 65 area now?

All I know is long side has long since been triggered, and it does what it does. Management mode and we'll see. Maybe it goes up no further. Whatever it does is just fine by me.

Anyway, I'm not adding anything new, but, this is a just in pure management mode now. The only decision, really, is stay with this degree of swing, or let it come back in to a higher degree, and play for the bigger move. And how will that fit in with the usual overnight and early AM dynamics. This kind of strategizing, figuring those odds and what the best choice for a play is, is one of my favorite parts of this game.

And yes, this is a lower degree area in here to be concerned about. If it does anything, I expect no more than a minor pullback.

Okay, watch closely.

Would you let it ride...
Try, try, try to let it ride..

Bachman Turner Overdrive

That being said, it's up 9.25 off the low and it looks scary... But we'll see. Partial scaling is rapidly under way for my style.

Watch the 1-min TL here, I can't imagine they don't go under it.

There it is, another new high for the move. This is awesome, trading action in the usually dead time between our close and the approach of the European session.

Another day where I rate the trading potential off the scale. Right off the area yesterday and basically straight up 31.75 points. Who could ask for more than that... Some day we'll look back and remember how wonderful the trading action was. For now, I just want to appreciate how incredible all this manipulation is, from a trading perspective. Again, all just my viewpoint.