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I scalped that long after the shorts this morning, and missed way more of that move than I should have. That's the one downside to having set targets, you are occasionally going to miss a nice rip...

Two things: 1. The market did not have the "shape" of a full 50% retracement. If this morning's move up had only taken us to 39's or so, the 50% would have been a great place to try for a long. However, with the huge push in one direction, you usually don't get the full pullback. Not only...

target at 46.75's

Look man, why do you keep writing this and then ignore people's comments when your call fails? I'm not doubting that there is a strategy in this, but you never get to the nitty gritty about the trades that go wrong.

Long 43.75's

Here come the new highs :)

Yeah I'm flat now, and going to have to wait for a whole new setup.

Yeah I've been eyeing 47's all day, so that would be great to get there before EOD.

I just can't see this thing do anything other than go higher...

Looking for 47's now.

This is the right thinking :). No LL, and I can't see it going down. The market usually tells you when its done.

Josh, and any other profile guys, would it be safe to assume that the market will try to fulfill the typical "bell curve" shape in a situation like this? So in this case, the bottom of the bell is satisfied, but we haven't done enough trading between here and 40's. Maybe the bell will need to...

Based on the way that the TICK is reacting with price, I'd say that maximum potential to the downside is 41's, anything lower than that and the whole morning move could get erased.

Damn, are we going to go STRAIGHT to 47???? No chance to even get back in...

Yeah I think that 47's will trade today.

Done. Okay next opportunity for a long for me would be around 39ish. Hopefully we'll get the pullback.

We should pop at least one more time.

Yeah it looks like 39 is still the number to beat.

out at 32.

short 34.50's Target 31.75