at the bottom, it can get worse but now any bounce is an easy psychological sell, easy to do usually brings a cost(donation from my experience) my hedgers took profits at 58.50 and the 58.00-60.00 range is trying to stabilize. I argued with myself and the Prime Directive all day yesterday, over a bottom picking attempt which looks like suicide. It just looks plumb STUPID to be thinking that. All the key factors I look for are in place for a bottom impulse wave to start a pop back up to 62.50-63.00. My usual practice in this situation is to make a bottom picking guess for a position where I had my hedgers take profits and put a $1 donation stop on it and wait to see what happens.

Bot those Oct hogs @ 58.55 and believe me it took an extra effort to force myself to hit the enter button. I worked my self into doing it by putting in the same order for 3 other guys before I put mine in. I just about waited too long. What a comforting sound it was when my 59.55 fishing lines rang the Dinner Bell. I have a series of positive cycles in the rotation for the next 2 weeks. I never know for sure how much positive I will get out of those cycles but-------"We may have Launch to 63.00 in progress".