I just wanted to make one comment to refine my view of the daily -- we have begun a downtrend on the daily it is true -- on the weekly and the monthly we are possibly ENDING a downtrend and moving into stage one sideways or sometimes there is a V shaped stage on like we had on the daily in March.

I have been paying attention to the new downtrend on the daily for possible short set ups and the slowing downtrend on the weekly and the monthly for longer long plays (perhaps for wealth and retirement accounts).

Yesterday I played the Bull Mortgage play on the daily (as well as several other intraday moves on the same stock). ON THE DAILY it needs to be noted that we take special note of Guerilla plays but ESPECIALLY bull and bear mortagage plays because they can be and often are CHART CHANGING EVENTS.

What this means in a practical sense is that a bull mortgage play has the power to abort a new downtrend, set the low for the chart for weeks to come, or snap the daily back into sideways mode, etc.