a weekly continuation chart buy signal with the break above 72.45. It has to close the week above that to be valid, so we have 3 more days to wait to know for sure if the LAUNCH is real. I have to take the signal as it happens but May with a tiny 2674 open interest is a very poor gauge for measuring true energy. I am forcing myself to be patient for June to dip back to 78.80 but am starting to fear that it may not need the help of a springboard dip. I'm fighting the urge to throw caution to the wind and buy at 79.75 before I'm forced to buy an unreliable launch signal at 80.30. If I buy here at 79.75 my risk level is only $1 so I'm sure to make a donation because of my impatience. If I'm forced into an emotional 80.30 I have to risk a $1.50 and will likely make a bigger donation. The market has my number and is taunting me to do foolish things that I know better than to do.

I have to believe the countdown to LAUNCH is in progress, the 82.00-84.00 area is being marked for the June contract. I wish the market would just give me a bit of cooperation and dip back to the 1st springboard line at 78.50-78.80. Then if it needs to go to the 2nd spring board line at 77.70 at least I stuck to my rules.