the first hour, was the clue that started the early faint sounds of a countdown ringing in my head. By mid day I couldn't ignore what I was hearing in my head and showing promise on the 60 min chart. I gave in to the dangerous urge to buy at midrange and set my damage control. I was more than thrilled with the way the afternoon ended. There is a 5 day ABC correction in place off of the July 14th 76.87 high and I see 3 daily hits at 76.40. Two hits, a double top-----three hits are meant to be broken.

I have to respect the track record for breaking 3 hits, it's a done deal in my mind but I could get stopped out of my single long position first. If it breaks 76.87 which should happen but may take several hits to break it, then the momentum should give us a test of 77.27. With a break of that-----we have LIFT OFF! I guess I should say----an 80% chance of lift off, good enough odds for me. Wed and Thurs are usually good fishing days and we have a well defined north and south end to work with, so there should be plenty of hungry fish on both ends.

The big frustration will be if the trade stays inside the $2 trading range(fish pond) until Friday or Monday.