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I don't make predictions. I trade what I see. EDIT: Bouncing off expected resistance at 1506.50 (yesterday's close), watching to see how far we retrace. If we retrace enough, I might add to the short.

Quite possibly. I would expect support in the 1507-1509 area, and if we get there I will probably take half off and let the other half run (watchfully). Still fighting support at 1510.75. Unless we can penetrate that, everything else is moot. EDIT: Hopefully 1510.75 is now resistance and...

If we can break through support at 1510.75, target1 is 1509.25 (+3.50), and target2 is 1502.25 (+10.50).

Closer to a DT when I squint, but whatever it is, it's probably worth shorting. :) EDIT: Putting money where mouth is... Short from 1512.75.

You are grammatically correct, and even syntactically correct, but I disagree with you semantically. :) For one thing, the higher lows in the weekly MACDs are not confirmed by RSI divergence. Indeed, the corresponding RSIs are not oversold. Nor are the stochastics at an extreme value, but...

Your wedge analysis is brilliant. I do have a question about your wave analysis, however. Starting with the August swing low, your chart seems to show two consecutive five-wave-up sequences without an intervening three-wave-down sequence. What's with that?

Magnificent hammer on 15-min. Couldn't resist. Short from 1511.25 and putting it on autopilot while I pull a disappearing act.

Closed out short from 1511.25 at 1507.50 for +3.75. Gotta go shower and dress and get ready to head out, so I may be done for the day (and the week). I'll check back later and see how it all came out. For the sake of my daily, 240-min and 60-min charts, I hope we keep going down and close...

Kinda petered out, didn't it? I'm starting to think about picking up my marbles and going home. (No offense to any Peters here. :) )

Just did the opposite: added to my short at 1507.00. (Initial short at 1511.25.) Close stop on add-on. BE stop on initial. EDIT: That was a bad idea. Add-on stopped out for -1.5. EDIT: Tried to put add-on back at 1508.50, but too slow on the trigger, no fill. EDIT: Retouched 1508.50 but...

Damn, ya just gotta love this price action! :)

They don't look bullish to me. What are you seeing that's bullish? I see the bulls getting tired here. Valiant attempt to support the price at 1510, but gravity isn't for sissies. Moving stop to BE and riding this one down. EDIT: Gap is now officially closed. EDIT: Beautiful! Past...

Short again from 1510.25. EDIT: Stopped out on this one at 1511.50 for -1.25. Two out of three ain't bad. :) EDIT: Back in short from 1511.25, close stop. If this one doesn't work, I'll back off for awhile.

Out at 1509.50 for +3. If it wants to do this all morning, I won't mind. :)

Short again from 1512.50, looking for gap close or lower.

Out at 1510.25 for quick +5. Now flat. EDIT: We're two points away from gap close. I hope it closes and stays there, but I'll trade what I see (at least for the next hour or two).

Short from 1514.25, small size, countertrend scalp of double top at 1515.25 (if it works). Stop just above DT. Target 1510 (38% retrace), with 1508 (50%, gap close) a possibility. Risky, so keeping it small with a close stop. Yesterday's RTH close just kissed a major downtrend line on my...

Much appreciated, both of you. Such sparring is best done via PM, not in public. It's unpleasant for the rest of us who participate here. Thanks for your restraint.

Short from 1495.25. EDIT: This isn't working. Out at BE. Flat.

Just getting caught up here. T1 line down all morning. :( Short from 1495.25. Took off half at 1493.50 for +1.75. Stop moved to BE. Holding other half to see if it breaks ascending TL here. bearish divergence on 1- and 3-min TFs. Looking for scalp, not homerun here. EDIT: Correction; took...