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[MarketAlly]

Felt good to nail a short at 1684.75 today... and I closed out my straddle I posted a while back at the same time.

"The idea is to try to give all the information to help others to judge the value of your contribution; not just the information that leads to judgment in one particular direction or another"~Richard Feynman

I am looking for 1670 to hold and 1632 to be the end target before things really get exciting... I should be bearish, as this is clearly a crack but I still sense one more press up after we reach 1632ish with a possibility of a reach still to 1693 to squeeze the over eager bears... Patience is key here.

Will be taking some time to outline new technology I have been noodling on... wish all of you the best while I pivot over the coming months.

Trade Well

"The art of simplicity is a puzzle of complexity."~Douglas Horton

Edited by MarketAlly, 22 May 2013 - 09:30 PM.

[fib_1618]

I am looking for 1670 to hold and 1632 to be the end target before things really get exciting... I should be bearish, as this is clearly a crack but I still sense one more press up after we reach 1632ish with a possibility of a reach still to 1693 to squeeze the over eager bears... Patience is key here.

Sounds like a reasonable plan of attack..good skill.

Fib