I mentioned as a trade setup on Friday - working out nicely.  Don't hesistate to at least take some partical profits on this intial thrust.

Yup - that's certainly possible if it wants to move higher.  The fact that the DOW moved up above the key level sited last night negated the intermarket divergence.

You need to be much more specific -  I have no idea who you are citing.

On what time frame? - you need to be specific.

David - while we are looking for anther move lower (at  least a near test of the lows which would be a triangle - all other scenarios would call for lower lows), you shouldn't lose any sleep over it anyway.  We will not (under any circumstances) position short if the technicals do NOT support.  

So in the end it's nothing to worry about since we don't trade (even swing trade) off long term predictions.  Instead, we play the trend and stick with the trend until it changes.

One to watch breaking over 10 then 10.25 (especially if volume accompanies the move).  Volume as now is just so so but could increase on a breakout.

Thanks for the summary rp - and your comments on volume are correct.  Volume much more important for long breakouts.  It surely helps shorts on volume breakdowns but it's not necessary.

Very relevant comments - we have all been there at times.  Nice trade as well since it respected the trendline.

Nice chart - may get another push up in the wedge - a decisive break of the lower trendline would be bearish (taking out the other trendline as well). One to keep a close eye on going forward.

Nice chart Michael - thanks for sharing.

Thanks for the updates on those Alphahorn - nice finds there.

Nice to see all the input from members. 

Great points Dylan - will need to see if they bring the bill to the floor - it they do they will have the votes.

No problem Bill - keep up the good work.