Hello. I appreciate your reply (along with everyone elses).
I think the disagreement you and I may have is whether we are at the bottom or top. For the reasons I layed out earlier, I think this R/S clearly communicates an anticipated ongoing weekness and has created a new top that will be exploited to it's fullest. Up to and including "naked shorting" like we saw last week.
Perhaps if I hold long enough I'll live to see green on this trade. For now however, I feel another bpax beating coming my way...
Thanks again for the reply and I hear you on the vacation. I'm thinking the coast of NC late this summer. Girls in swimsuits, cold beers and moonlight fishing.