a good fade but I was forced to get my more aggressive hedgers short at the close. My 64.50 upside target is a qualifier for a 5th wave completion. If the market was as strong as it looked when hitting that target, it should not have fallen back below 63.00. It definitely should have caught a stronger bounce off of 62.50 and closed above 63.00.

The outside day reversal down is sure typical of a completed 5th wave, which means I can expect at least a 50% retracement of the 8.40, 5 wave movement, which gives me a target down at 60.30-60.50 area. The structure of this 8.40 cent rally is typical of 5 wave movements, 1st and 5th wave equal and the 3rd(middle wave) 1.618 x 3.80(length of 1st & 5th waves). We don't know if it will stop at a 50% retracement or go after a 61.8% retracement or even washout back to the bottom.

One target at a time and pass judgment on the reaction or lack of. Anyway, even though I'm uncomfortable getting my guys short at the end of the day @ 62.15, I had no other choice, with what I was seeing at the close. I just barely got the orders in for my guys that tell me if I see something-----DO IT! I also have one of those shorts due to integrity------I won't get them into a position I wouldn't pull the trigger on MYSELF. I would prefer it would have opened the Sink Hole earlier in the day, so I wouldn't have to face the possibility of a dollar bounce the first 15 minutes that then hits a Brick Wall. It is what it is and I have Damage Control and so do my hedgers, who knows maybe they gap it lower at the open.