I'll start with Friday's HOD area indicated by Jim.



The first support areas for me are 53.75 and much stronger 49-50.

So, it got all the stops, a big pop up, it's pushing into and even over the area in some ways, and is looking strong. Most would be terrified to even consider shorting this under any circumstances. Heck, the thought terrifies me. But, that also makes this ideal. We'll see how it goes. If it continues to rocket after two huge days, and ignores a totally monster spot it hit dead on not only in price but also time, well, then I see no stopping it, maybe ever. I just know I want to short it even more now than before, and everyone knows I don't have a habit of fighting the trend. I just think the odds favor the trend being down right now.

Okay, showtime. This is it.

The only height that makes sense to me right now is being so short I can look up and see the belly of an ant way overhead. But, that's just my viewpoint...

Okay, watch on the 1-min, because I am absolutely sure it wants to bounce here.

And look at that!

Wow, is it strong. And now a 1-min cup and handle. This thing is up against one of the strongest brick walls I have ever seen, and it seems like it has zero fear and zero respect. I'm hoping that is just part of the illusion. Otherwise, holy cow.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. I guess I'm waiting on the European open...

And there's another new high for the move. Why do I keep hearing Eddie Murphy in Trading Places saying "You're going to get reamed on this one"?

Now, here's a great example of a concept I call 'talking yourself into it'. See, when I feel like I have to keep talking to myself, reassuring myself the plan is still viable, that is usually a sign it's done for. Point here is, with that last pop it has now cleared most of the key factors in the area. There are a few stragglers left, and they are good factors, but I now feel I am at that point of talking myself into it. There has been no trigger so far, so if it doesn't happen, oh, well, but this one will break my heart big time if it doesn't respect it. As it sits now, it can't go any higher or the area is nullified.

That doesn't mean it won't go up a bit more and roll, it could, but not off this primo area. This kind of strength is speaking very clearly to me. So, I will continue to watch, but for now, I am expecting the broken heart. Sometimes when a setup look so good, a true 11 on a scale of 1 to 10, as I wrote in the books, it seems to frequently not play out. It's all over but the crying on this one, I think.

And another burst, which clears the last factor I had in the area. It is now 100% above the area. One last hope, it has to drop like a rock right here, or it's on to the next potential setup.

ha ha ha ha ha! Thanks jim ;)