Good call Wave. I'm breaking all the rules and added at 12.5 and moved stop to 99. Still bullish as heck down here for next run to 1383. Maybe I am wrong but looks like one monster bear trap setting up.
2008 June - check it out. Tomorrow a gap down that is higher than 1300 normally will be a setup to go long. Let's see if we are getting something normal tomorrow. =)
Vol FWIW we agree that this drop is a bear trap. The difference is that I'm flat... need to see it develop a bit more before I get in. If it is a trap the big spurt will be on buy stops above 1348... that one will be killer "The market traps itself on every turn" ... now where have I heard that before? ammo - I think the head you've identified is actually the left shoulder of a H&S under construction... just IMO.
BGT 1050..Target 131300 Made a mistake as should have been 131000.. Will ADD , if necessary On high allocation level...will explain another day... NiN