On Friday Pound stopped right on a monster level, so the move up might be done, at least for a while. However, it likes deep W4s testing W2 highs (in a downtrend), so one more impulse to 1.4260-70 won't be any surprise.

Another new high for the entire move. This is just a super-boring ride until close day. I like the idea of a riding play, and then additional, superimposed in and outs, and today has been pretty good for that, so it can be less boring. But for most, it's just a watch and wait day.

SL hit and crazy TL intersection hit. One of these times it will be done (for now), but not so far. It's likely to be soon.

Let me know how it works for you. I used to use it, but can't with my current setup, so I'm stuck with the old 'refresh' deal.

Originally posted by JaLee

Oh yes. Great, I'll use that.

Okay, crude just passed beyond insane into another realm I don't even have a name for.

S&P only twenty points and change away from new all-time highs. I wouldn't bet a lot of money on any selling any time soon. Very minor corrections, maybe, but not real selling. Ain't gonna happen, in my opinion.

DOW less than two-hundred points from the new all-time high.

I'm starting to lean towards the upside breakout here from this area. One burst and it has the new all-time highs. I can't imagine they have anything else on their minds. It should come in here, and then they are positioned for an easy burst to the new highs, but maybe a lot of people expect that. It makes not one tiny bit of difference to me either way. This is a ride until close play, and hold some after the close, or the trailing stops kick in type of deal. If it comes in, great, and when that is done, time to start working back on the long side for the new highs, which at this point I can't even imagine aren't coming soon, either this week or early next. Maybe not, but I'm thinking so. Sure, they could scare 'em off a 'double top' to really play some games, but that will only further convince me they will be heading up. Only a market shock event or hard-core news can change this, in my opinion.

Again, very short-term, it's up against it, so on that timeframe appropriate management for that is what the methodology calls for. And that translates to tight stops on the trail here. The floor could fall out at any time. If it doesn't, great. If it does, the trail is ready. That's the approach.

Okay, it's making more sense now. It's similar to the posts yesterday and our evening dialogue. Talk about patience and discipline. Wow.

Way more patience is required when the market has less volatility, like the last five weeks, in my opinion. But, discipline and patience is a huge part of this game.

It's been a wonderful week for me. I want to thank everybody for their comments and charts and I'm really happy to be included here. This is a breath of fresh air to be with a group like this. Thanks to all for putting up with my "newbie" questions and learning process. Hopefully I can climb the learning curve and be up on the slope where you all are! Everybody have a great weekend and will see you on Monday!