Well Simba the gap never happened. I was hoping to see a better formation on the monthly pin bar... I didn't get it. I guess the one that's currently formed will have to do... although it could be just a little bit prettier in my opinion. I think between today and tomorrow we'll know for sure. As of right now I would have to say you're sitting in a good spot.

I'm not a big fan of speculating... but I must say it's a lot of fun when it's not on your dollar. I interviewed a few years ago with Brian Gelber (met him through an acquaintance, and had no idea that he was interviewed in the original Market Wizards book). After a brief 5 min conversation in his office he called me a speculator and kick me out. I took that to mean that speculation was not a good thing. So, till this day I try to avoid it but have a hard time doing so since it seems to be an intrinsic human trait.

Alright, I'm off to baby sit my GBP/USD positions... I've been shorting it since last Wensday... ouch!!! I'm feeling the burn.

Good luck Simba, I'll be dropping in periodically.

MM