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.

Careful in here, that may be it.

What do I actually mean by be careful? Don't be tempted to loosen up a trailing stop or increase the room one gives it at a point like this. Keep it 'tight'. This is not advice, as I give no advice, ever. This is what the methodology calls for. All I do is point out what the methodology says.

And yes, for the highly skilled trader who wants to keep dabbling at countertrend, this is the time, again, in my opinion.

I only point this out for additional informational purposes. I suggest no one try trading countertrend until they have at least five years of successful experience trading with the trend. But I think it is informative for everyone to see some of the advanced possibilities.

Cable cannot make it above yesterday's area at 1.4420.
ABCD today is unlikely to be enough, so I'm expecting 1.465-80 tomorrow morning.

Yawn (that's a yawn of boring indifference). Yep, never called a market turn in my life, that's what they say. Same old, same old in here, though, day after day after day...

Watch 2101.25 here, though, as it's a potential 'bounce spot'.

Now 96.75 would make me happy on this. But, this is a tough spot here. Bounce and roll would be ideal, as it would give it energy to get lower. If net sellers are here, it wouldn't even need the bounce.

Understand, this may be done here. That may be it. A panic shake out, and lots of trapped suckers. But, like I said earlier, now there's cushion and it's my favorite place on earth, the place to 'go to work'. It does what it does and I could care less what it is. Remember (Jim's new favorite saying), there is no spoon...

All a trader has to do is say "nothing will ever go down, ever again" when price just keeps going. It worked for gdx just now

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!