looks like a 24 hour correction to the up force. low should be in by tomorrow's close for this reaction.

the big deal is the 163 level which is a price interval (or, inflection price, if you prefer). Both time and price can serve as inflection points. It is higher trade confidence when both agree.

so, to continue strong running upside, this 163 price must be firmly taken out and left behind. otherwise, the interval will win out and the trading range will continue in effect. in a circle, you see. everything wants to go in a circle and it is only through pushing through inflections that a vector is maintained.

this is the musical scale idea Ouspensky (sp?) wrote about summing up G's comments. at least that is the way I remember it. Never figured the idea had a practical application until I notice markets doing the same thing. that is, if a market blows through a time or price turn, you should buy or sell in tune with the force. this will mean you will not be married to a side and lose but rather follow the market and stay alive to win.

icd