Just woke up.My head hurts. My wallet hurts more. And that's...

Just woke up.

My head hurts. My wallet hurts more. And that's only from last night out on the Bund. I haven't even calculated the amount lost by pulling out my stops.

Looking at the intraday charts now, and without checking the volume, I think DGO's thoughts of stop hunting was truly inspired.

SPX ran up to 1220, before coming back down to 1203. I'm so glad I logged on to read his post.

Every single one of my stops would have been hit, only for the market to fall back 1% across the board.

So the path is clear for me now. I need to wait another few days, and a sustained two day VWAP over yesterday's highs will signify the trend is pointing to 1350 (or year highs) by Christmas.

If not, it should peel back down to at least my cost levels - 1150 SPX, 5500 DAX, 5300 Foot, and 3100 CAC.

Thank Vishnu I was out hammering Tequila instead of watching the markets. Might continue that trend for a few days. Helps with the proverbials.