Oh how sweet it is! I feel vindicated from the anxiety of holding to my conviction in the face of a crowded train of bears. That conviction centered around Aug hogs doing there track record thing when beat down into July.

I've researched, seen, and taken part of so many of these same technical and psych setups. They cause me to drool in anticipation and I drooled over this one way longer than usual. This one has all of the makings for Stage III to begin if there is as many shorts as all of the talk. Who in their right mind would have wanted to be long?? O-NO I just let the cat out of the bag-----I'm a bit crazy, that explains all of the hallucinations. Anyway if cash does turn the corner and starts a 2-3 week uptrend, there will be bears in panic and crying foul in the streets.

When I see these setups materializing I have a plan of attack for aggressive fishing, especially when I already have my spacesuit on. I call it "THE DRILL" and when the market cooperates, the fishing is VERY GOOD.I have to be very careful and focused on the Prime Directive cause I have a tendency of having more lines in the water than I should. This has led to over extending my risk parameters, followed by a trip to the woodshed when I let confidence become servant to greed and ego that sweet talk their way out of the basement. THE DRILL setups don't come along often enough but when they do, I have to go with the feeding frenzy that comes along with it.

With THE DRILL, I double up my normal fishing lines but that also means I have to be alert and quick to get my Damage Control doubled also with a mechanical 50 cent risk. NO MENTAL ARGUEMENTS ALLOWED!! My maximum upside targets for today were 80.70 to 81.20, this area is pre determined as the area to make deposits on 50-75% of fishing lines hit today to keep in line with my Prime Directive requirements. I was hit on 4 adds @ 79.80 at the open and another 4 @ 80.82 on the break above early congestion of 80.80-80.40. The anxiety meter was RED LINED for what seemed an eternity while waiting for the 81.20 target. This is a classic, progression march upward as the bears are scrambling to get off the train. Whether right or wrong, deposit orders were waiting at 81.00 on 2 and 81.20 on 5 more. Now I have to decide how wise it is to be holding 3 @ 79.80. Damage control is set at break even. Another hour of trade may give me some clues or hallucinations.

82.00 is now a very viable marked target. The 79.00-79.50 area is a very viable support area but if 79.80 refuses to get a kiss by the end of day, we will know the bears are really in a PANIC.