I hate it when the market has to resort to cheating by making a move in the afternoon trade, which can be proven worthless tomorrow morning. It's hard enough to make accurate guesses but when the market does in the afternoon what it couldn't do during the day, it sets up the possible emotional/panic psych trade move the next day. It makes it very hard to trust anything tomorrow until it's too late.

I have no other choice but read this as an attempt to blow some stops tomorrow that would push it a dollar higher which may in turn blow more stops. May or may not happen but I had no other choice but put my long Aug back on, after I had taken 65 cents profit after the close. Thinking there would be another 50-60 cent drop to start tomorrow. There will probably be a 50 cent drop but it looks like it needs to start from 77.00 but if the short have a panic attack it may not start until it hits 77.50.

I don't like it, but I'm back long @ 76.55 with damage control @ 76.15. The technical door for additional gains to 77.00-77.20 is now open. Doesn't mean it has to go there now or first thing tomorrow morning. It should drop a $1 first but that would not surprise anyone. A move a dollar higher would surprise many bears, and could cause a few bulls like myself some surprise, creating their own emotional choices. I've already done that by acting impatiently but with good reason. I have 65 cents of profit that I'm risking 40 cents of it against the emotional trade. I still comply with my Prime Directive. I've seen this similar situations to this afternoon and the odds for 50 cents higher first, are better than the odds for 50 cents lower first. Not a lot better but the short term momentum has turned to up. Aug needs to stay above 76.00 to keep the up momentum edge.