Monday, after the Friday I posted last chart, price opened up something like +25-30 then went down the rest of the day. When it opened up like that...you should have been thinkin...this aint right and got the hell out but since we're not machines the likelihood that happened is not good. Maybe you did.

At any rate...price didn't close above 157.50 so no dice as to continued up and down she went. All the way back down to the bottom of the range at 150 once again putting us to wonder if there's enough buying power to sustain 150???

I'm no expert at head and shoulders pattern but one might could call that pattern above 150 a H&S pattern with 157.50 as the shoulders and 165'ish the head??? Lending more credence to downage possibilities.

When it comes to the lines...think time more than anything...think closing price...as price will sometimes pierce the line but not maintain...not counting as a true break. As to time...notice that from the first time it hit 157.5 until the time it broke back below and headed back to 150 was 7-8 days(7.5 days). First comes 3.75(3-4 days), then 7.5(7-8 days), then 11.25, then 15 and so on. No particular time frame more significant than the other that I can tell. Just day counts to watch for occurrences'.

Time will tell...back to 120???