are screaming "FEED ME". Will the market throw them some scrapes? The setup is certainly there on the 60 minute for a $1 pop. A new fish pond has opened up as the downside is supporting on my Time & Price squaring line and losing momentum after failing to take out yesterdays low that supported on bottom line of my square and also failing to take out the Oct 5th 41.10 low. The market is trading even with the 60 min 9 bar moving average that has been trying to force the downside as it tends to do. This is now or not time to break down into the next lower square to test the 41.10 support------or------short covering will trigger a reversal to test todays high @ 42.25 to start throwing scrapes to feed the screaming hungry fish in the north pond.

I've got a good fish pond setup to work with----I saw it setting up with the first hour of trade and lacked the patience for the trigger-----which cost me some pocket change but I've still got 1 on the line and will be very disappointed if my north lines don't get the dinner bell @ 42.27 today or tomorrow. The 60 minute 20 bar and 50 bar mov av are waiting for a kiss @ 42.95 and 42.87 for the next hour. Tomorrow morning they will slide a little lower but will still be waiting for a kiss.

When a new fishing hole opens, I get excited for the possibilities, one direction or the other. Sort term I favor the north end because my gut tells me that's more unexpected for the moment but I also have south lines working because I don't have that crystal ball to tell me which direction the market will decide to take. If that 9 bar mov av loses its grip, the 20 & 50 ma will act like a magnet and pull price up into the next T & P square for a possible retest of the 43-44 resistance. Sometimes the market needs to go UP in order get enough force to go a notch lower. I just love it when new fishing holes open up!