The main thrust is 3 impulse, 2 corrective waves.

The corrective phase against the main trend is the a-b-c wave; the one I call the microwave. It helps me keep clear what is the main direction we are going next. As a day trader, that is all that matters, try to scalp and position your trades along with the current momentum.

Some traders say that Elliot wave, although extremely elegant, is only easy to see in hindsight. I continue to study the methodology, but must admit I find it challenging to make the correct count in real time.

Deciphering the geometry of markets is also an art form; leaving a few lines on the chart helps me to remember to look for structure. Combined with the secret code, it's a one-two punch that's a knockout.

One of the hardest trades to take is to go long the hard gap up open. Every ounce of my being wants to short and keep shorting it. If the signal is there, I take it long, it's as simple as that. If I can't bring myself to do that, then I try to be patient and do nothing.

Letting the first hour range set up gives me an edge, as I can step in from a logical counter-trend play. Intuition and a few major indicators are the key to sensing this situation. This play is deadly because it is infrequently seen; thin volume today helped to make it happen.

Using prudent stop losses if we get it wrong is a must; never jeopardize our account to a major draw down because we are careless.

Another summer Friday that the boys hit it in premarket.

Speaking of waves, summer is rapidly moving along; there's more to life than just the market; time for some R and R at the beach. See you in a week after vacation.

A - AVAILABLE?: Yes

B - BEST SPORT?: Yoga (is that even a sport) :D

C - CRUSH?: Brad Pitt

D - DOGS NAME?: Streak

E - EASIEST PERSON(s) TO TALK TO?: My sister Jenna

F - FAVORITE COLOR?: Apple Green

G - GUMMY BEARS OR GUMMY WORMS?: I like gummy worms better

H - HOMETOWN?: West Virginia

I - INSTRUMENT?: Piano

J - JUICE?: Pineapple

K - KIND OF MUSIC?: Alternative and RnB

L - LONGEST CAR RIDE?: 14 hours

M - MILK FLAVOR?: Chocolate! Yum yum

N - NUMBER OF SIBLINGS?: Just a younger sister

O - ONE WISH: To fly and reach a wishing star! :-)

P - PHOBIAS AND FEARS?: Being alone

Q - FAVORITE QUOTE?: When there is life, there is hope.

R - REASON TO SMILE?: Another wonderful day in my life

S - SONG YOU LAST HEARD?: I Don't Wanna Miss A Thing by David Cook

T- TIME YOU WOKE UP TODAY?: 7AM

U - UNKNOWN FACTS ABOUT ME?: I love kids! I wish I have my own! :D

V - VEGETABLE YOU DON'T LIKE?: Broccoli

W - WORST HABIT?: Binging! Good thing I don't get fat! :D

X - X-RAYS YOU'VE HAD?: That was like so long ago...

Y - YUMMY FOOD?: Pizza and pasta! Yum yum!

Z - ZODIAC/ASTROLOGY SIGN?: Pisces

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Copy and paste this ABC Myspace survey to your profile page so your friends would get to know you better! :D

before the movie they said "all characters in the film are fictitious...." they should have also added - "the power plant project around which the entire film revolves around is also fictitious..." this would have certainly saved our time.

Rating: 2/5