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This (1560.50) was where I was going to consider adding a third unit long, but given the lethargy I think I'll just stick with the two for now.

Lots of conviction, eh? :) Watching paint dry. Trading the pre-market was more exciting than this. Who authorized them to go to lunch, anyway?

While we finally appear to have broken out of the flag formation to the upside (after an interminable hour), the breakout is not yet convincing and the (lunchtime) volume is very low. So I'm still nervous. But I'm still betting Spec's right and holding onto my longs. Just a lot more stressfully...

See, that's what makes the market. When I look at that chart, I see a probable bull flag pattern which typically implies a continuation move to the upside, and represents a good opportunity for entry or add-on when the upside breakout from the flag occurs. Now I could be wrong about the...

That statement, my friend, is absolutely absurd!

Don't you believe that risk tolerance is an extremely personal thing? Yours is clearly a whole lot larger than mine. I also think this has a lot to do with the fact that I'm trading off a 3-minute chart and you're primarily following a 60-minute chart. On my 3-minute chart, I'm watching...

SS on add-on now raised to breakeven. PT1 is 1566.50 PT2 is higher :)

What's the differential now? If it's around 7 points, then that jibes exactly with my projection.

Adding on here long at 1560.00 SS on add-on is 1558.50 (1.5 points)

Trendline...

Long in an uptrending market with a breakeven stop is a great stress-reliever, and gives me time to think. What I'm thinking about is: Where's the next resistance zone above 1559 (assuming that we can get decisively above that level)? There's no price history to look at above 1559. All I...

L 1555.75 SS 1554.75 (1 pt) PT new highs EDIT: Stop to breakeven now

Requirement #1 just satisfied. (For amout a millisecond, anyway.)

Looks to me like we have a fairly big unfilled gap below yesterday's open: 1530 to 1534. 1530 would make a wonderful long entry (and a wild day).

You won't get any argument from me, B1S2. Seems to me I just stated that I had decided to refrain from taking shorts today. But thank you for your concern. :)

At 08:00 am EDT in pre-market S 1558.00 BS 1559.50 (1.5 points) PT 1554.50 (3.5 points) At 08:50 am EDT moved BS to breakeven (not real comfortable being short today) At 08:55 am EDT moved BS to 1556.75 (+1.25 points) At 08:56 am EDT Stopped out at 1556.75 for +1.25 points...

Oh well, it was a nice thought...

Okay, then, be that way! Parting thought as I head out the door: If the market can go up this fast, just imagine how fast it can go down. From here, or from 1600...that is the question. EDIT: 1552.00 just painted. Wouldn't it be neat if that turned out to be the exact HOD? Tomorrow...

Would you put one in for me, too? :) Put it on my tab, and I'll pay you back tomorrow.

Jeez, who'd have thunk they'd make it to 1552 today? This is a day for the record books. Dying to short here, but gotta leave in 10 minutes so I'll have to pass. Maybe later in the Globex...