in the fishing ponds today------and that's what I got. Sometimes I do get what I expect but not very often(maybe 20%) when it comes to fishing and guessing which end of the pond will get the dinner bell and what's gonna be hungry, suckers, average, or Big Ones. That's why I use mechanical targets ruled by the Prime Directive. When I snag something, I have to assume it's a sucker and make sure I get a 25-40 cent deposit on 1 and let the other ride while I make judgement for what I have on the line to make adjustments in my Damage Control. The typical rule in case I snag something that immediately spits the hook out and reverses on me is a 40-50 cent stop for damage control. This does happen 20% of the time but the other 80% more than makes up for the pain caused by those quick hooks the market throws.

My Fishing Rules of Engagement(formulated from past trips to the woodshed) repeatedly states that I have to cast my fishing lines with every setup that occurs. If I start picking and choosing or making guesses, I will pass on the winners and choose the losers! Today I have been running back and forth with catches on both ends of the pond and so far all I have to show is a bunch of suckers but the pair I snagged for the 3rd time on the south end @ 57.85 may be starting to get a growth spurt just as I made my deposit on 1 @ 87.50. Now I have another argument started with the Prime Directive as to whether I carry it into tomorrow if damage control pulled down to 58.00 doesn't take me out to put another sucker to my daily catch. If that does play out, all these suckers, still add up to a decent deposit to make it a productive day of fishing.

This also leaves a nice setup for the south end again tomorrow if it stays below 58.20. the setup looks like a SCREAMER pointing to test support @ 56.50 and maybe even 56.00. It has to break 57.20 to open the door and snag my next set of fishing lines set @ 57.17. I have to beware of the obvious weakness, because the 57.00-57.20 area is a potential support area that may trigger a reaction retest of todays high or even spend the next 2 trading days left for this week trading 57.30-58.80 and wait until Monday morning to decide if it wants to go UP or DOWN. My fishing pond for tomorrow will have lines set @ 57.17 on the south end and 58.85 on the north end. I have to refrain from making any guesses in the middle until I have a couple hours of trade before a reliable innerday pond can set up for fishing.