MURICO.com Forum

Oct is setup to-----

play the GAP higher Monday game. The daily close triggered a buy signal for me. Needs a daily close above 69.55 to confirm. If it gets above 69.55 the door is blown open to go after the contract high. Just because the door is blown open doesn't mean it will go through and close the door behind it-------unless a weekly buy signal is triggered with a weekly close above 69.55.

Doesn't have to gap higher on Monday but with the setup-----why wouldn't it-----if the Big Money intends to slam it down hard, they could have done it this week. They can let the Gap higher give them a higher target to throw the hammer down for a bigger reward. However, four days of sideways usually sets up an extension higher that projects a 70.50-71.00 target. That leaves 69.55 as the wild card target resistance with a gap higher open. Will it prove to be a well enforced Brick Wall or just a poorly built speed bump. I have no idea how this plays out but my Hallucinations have my bias favoring the speed bump thoughts. I do have a strong feeling that the fishing weather will be better next week than it was most of this week.

My Fishing plans will be ready for Monday morning and I am expecting some excitement with the sound of Dinner Bells. I hope I can keep up.