conviction to hold over the weekend was trumped by a panic attack in the last 60 minutes of trade when my alarm went off telling me my 56.77 support had been breached. I wanted to be strong and dare the market to hit my breakeven Damage Control @ 56.30 but when my alarms go off the rule is to make mechanical adjustments quickly if necessary in 1-3 minutes depending on the seriousness of the situation.

Since I already had breakeven damage control in place the 1minute drill was not needed. I had the full 3 minute allotment, 1 min for calculations to decide what momentum was suggesting for follow through or reversal ranges on the 60 minute in relationship to todays range direction, 1 minute for argument between ego and the Prime Directive, and 1 min to make choice and adjustment order if needed. I'm such a whimp when the Prime Directive is screaming "Keep your 30 cents and enjoy the weekend". I didn't need to do any calculations because they had already been done when I set the alarm telling me, todays upward momentum had lost its edge. Monday morning as usual would play the direction card. I knew the Prime Directive was correct, as is usually the case. So I reluctantly pulled my stop up to 56.60 to keep my 30 cents if the market wanted to force me into it. Although my ego is upset that the Prime Directive usually makes the ego shut up and be quit, I can go home happy knowing my deposit quota has been met for the day and I don't have to FEAR the Monday morning open.

I'm not showing a settlement price yet but anxious to see if the settlement is above or below 56.62 which would be technically positive if above it. 56.62 was the early morning low upward reversal point from Dec 8th. That is my pivot point for daily and weekly closes that dictates upward or downward momentum. My mechanics need that 56.62 weekly close in order to dictate another attempt to retest 58.00 resistance which would/could begin the next step higher to test resistance @ 59.00. Monday is a new Ball Game 54.00 is still on the menu but so is 60.00. Which one does the market go after next week?