[Sledge]

Thanks JJ-
My mind must be clouded by the flu. Yep I was lucky enough to see that beautiful top reversal last week and ride that baby down.

Now the big ugly bar on the hourly chart you see the market drop but then closes in the middle, so their must have been buying on that bar, and as the afternoon pans out you see the market rise, although the volume has trailed off considerably even since I posted these charts.

Looks as if overall we are at the end of "Stage 1" and all parties are jockying for their positions. Some are buying on the low hoping for a rally, some are gathering on the high for the downward drop. It may take a few more days for all of this to pan out with more sideways movement before we get to proceed with "Stage 2"

Thank you for your insight!
Sledge