I have been waiting for a long setup too for a few days but I really don't see any good entry. I am naturally impatient, so it's tough in situations like this. At least you only took a 9 cts loss.
The thing what I find is that when I get a good entry it is generally not where most people would be entering. A great example of this is Thursdays trade. No one would like to be buying into a steep sell off like that however if your not using the chart Thursday had all the signs of a great position for a long entry especially once things get moving and the shorts start to get squeezed. This gives the trade good upside potential.
I am quite pleased I exited when I did. Looks weak today and may even trade into the gap. Will be monitoring but most probably will trade next week.
Still hunting but the bullishness that I was talking about earlier is beginning to wane an I am not overly confident on how well a long from these levels would do. I nearly got long earlier at 212.30 but did not have all the the confirmations that I like to have before pulling the trigger.
I am bailing. With an open this ugly it could get worse. The buying I was picking upon literally disappeared the minute I got filled. Out @ 212.3 for a $0.30 loss.