to your posts last week, I've been so busy with the corn market but I've finally found a few minutes to add my two cents. You made a good point of interest concerning the outside bar which is very commom on the daily charts but not so common on the weekly. The weekly clues have a stronger influence that the daily. Your comments caught my attention because I view outside bars as a clue for a potential change of direction.

In the case of a weekly outside bar, I had to believe it was setting up the first clue opportunity to prepare for the reversal since it is put in place at the potential 65.50-66.00 support area, which is certainly overdue. The top end and bottom end of an outside bar usually gets tested and whichever end gets a close above or below the top or bottom, will confirm direction. It has tested the bottom end and has now broken the top end but has not confirmed direction with a close. The market is working the $5 basing range but it is also showing a Screamer for the $5 extension to 75.00. With the right info a double extension could happen.

I couldn't resist the temptation to place a buy stop @ 69.00 after it came up off of my cycle low on the 9th. My damage control is still sitting @ 67.17 which has me very uncomfortable risking more than $1, even more uncomfortable having to pay $2400.00 to play the game. As soon as we get a close above 70.05 I can move my stop up to breakeven. The Hog & Pigs report next week could ruin everything for me.