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Rotten day. Plagued with distractions at strategic moments. Did great with my IRA position trade (short taken at EOD yesterday), but took a modest hit on my daytrading account. Damn phone kept ringing off the hook and I took my eye off the ball. Lesson learned. Tomorrow, phone is off the...

Holding AH, or did you unwind at the close?

Stopped out for -2.:( Not my day.

Short from 1489. Initial target 1483.

Hope you took it. I got a phone call and missed it.:(

Stopped out of the remaining 1/2 of my short at 1490.25 (dammit), for +1.75 on that half. Now flat. Given the impressive support at 1487.75 earlier, I assumed it would be impressive resistance once we broke through it, so lowered my stop to 1490.25. Seemed like the right thing to do at the...

closed 1/2 my short at 1487 for +5, letting other half run.

Hey, guys, dinner tonight is on Apex. Sushi. :)

Isn't a pennant normally a continuation pattern? Wouldn't one generally expect an upside breakout from a pennant, given that we entered it from an upmove? What are you seeing on the 10-minute that makes you bearish here?

Possible H&S top here: 91.5, 94.75, 91.5. Drop below neckline at 89 would confirm. Rise above 93 would invalidate. EDIT: That spike to 93 pretty much wiped out the H&S.

Short from 1492, daytrade.

Remaining short stopped out at breakeven. Now flat in daytrade account. Shouldn't have moved the stop to breakeven...mistake. My original stop at 1492 was much better. I may re-enter short.

Taking off 1/2 at 1486.00 for +4, letting other half ride. Stop moved to breakeven.

Daytrade short from 1490, 2-point stop.

Interpretation #2: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1678756>

Interpretation #1: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1678748>

I have hard stop orders on my position trade, but would prefer not to post my stops. I do think there's a good chance I've taken all the heat I need to, and may well tighten my stops as this price action plays out.

This price action is quite fascinating. Could we be looking at a Wyckoff thrust? Or a diamond reversal (top) in the making? Hard to say just yet, but either is a possibility. Still short from 1485 in my position trade. Not yet prepared to go short in my daytrading account without further...

Well in that case, many thanks! :)