is a lot like musical chairs-------when the music stops, you are suppose to scramble for a new chair. This is done by DH switching to long and Dewey switching to short. It doesn't really matter which side you are on, as long as the range bound trade remains in the 74.00-76.50 range. As I've said before, "you both can be correct holding opposite positions but in the end, one of you will be correct longer than the other". I hope both of you decide to be positioned on the correct side when the market decides to break one end of the range. You don't want to both decide to be on the wrong side at the time the market makes its move or you both will be in a painful situation.

We've already had the fast and furious $3 break below 74.00 and with all markets being ruled by the balancing act addiction, sooner or later it will go after the $3 fast and furious launch above 76.00 to kiss resistance at 79.00. The 79.00 area may turn it back as quickly as the 70.65 bottom but that issue will depend on cash direction in the coming weeks. After the pop to 79.00 happens. My bias still leans to the long side but I did snag a pair on the south end @ 75.00 but after 2 hours of a standoff I cut em both loose with only pocket change to show for my efforts. Then it decided to go after my 74.50 target which will likely happen to begin the day tomorrow.