diff --git a/sketches/assembler.js b/sketches/assembler.js
index 9452a3d..c8861fe 100644
--- a/sketches/assembler.js
+++ b/sketches/assembler.js
@@ -1,9 +1,22 @@
 // Syntax:
-// ADD $01   ; comments follow a `;`
-// ADD $FF   ; this is direct addressing
-// ADD ($CC) ; this is indirect addressing
-// END       ; END, CFC, and CHP don't require arguments
-//           ; (a default value of 0 will be used as their operand)
+// ADD $01    ; comments follow a `;`
+// ADD $FF    ; this is direct addressing
+// ADD ($CC)  ; this is indirect addressing
+// END        ; END, CFC, and CHP don't require arguments
+//            ; (a default value of 0 will be used as their operand)
+// 
+// @label     ; create a label
+// JMP @label ; reference a label
+
+const printMemory = require('./print-memory.js');
+
+const { debug } = require("console");
+
+// 0 = silent
+// 1 = verbose
+// 2 = what i'm currently focusing on
+// 3 = always print
+const DEBUG = 2;
 
 const mnemonicsWithOptionalArgs = ['end', 'cfc', 'chp'];
 const mnemonics2opcodes = {
@@ -18,59 +31,127 @@ const mnemonics2opcodes = {
   chp: { direct: 14, indirect: 14 },
 };
 
-function decodeMultipleInstructions(str) {
+function decodeInstructions(str) {
   let lines = str.split(/\n/); // returns an array of lines
-  let output = [];
-  lines.forEach( (l) => {
-    let decoded = decodeInstruction(l);
-    if (decoded) {
-      output.push(decoded.op);
-      output.push(decoded.arg);
+  let machineCode = [];
+  let labels = {};
+  let byteCursor = 0;
+  for (let i = 0; i < lines.length; i++) {
+    console.log();
+    console.group(`Input line ${i}, cursor ${byteCursor}`);
+    dbg(3, `> ${lines[i]}`);
+    let line = stripWhitespaceFromEnds(stripComments(lines[i]));
+    // console.log();
+    // console.log(`> ${line}`);
+
+    // Handle blank lines
+    if (line.length === 0) {
+      dbg(3, `cursor: ${byteCursor}, new code: none`);
+      dbg(1, 'blank');
+      console.groupEnd('Input line');
+      continue;
     }
-  });
-  return new Uint8Array(output);
+
+    // Handle labels -- anchors
+    if (line.startsWith('@')) {
+      // TODO: validate label
+      // validateLabel(line);
+      label = line.substring(1); // strip '@'
+
+      if (label in labels) {
+        labels[label].pointsToByte = byteCursor;
+      } else {
+        labels[label] = {
+          pointsToByte: byteCursor,
+          bytesToReplace: [],
+        };
+      }
+
+      dbg(2, '');
+      dbg(2, `@label anchor: ${label}`);
+      dbg(2, labels);
+      dbg(2, '');
+      dbg(3, `cursor: ${byteCursor}, new code: none`);
+      console.groupEnd('Input line');
+      continue;
+    }
+
+    let op_arg_array = line.split(" "); // split line into an array of [op, arg]
+    let opName = op_arg_array[0].toLowerCase();
+    let addressingMode = 'direct'; // Must be "direct" or "indirect"
+    let arg_str = op_arg_array[1];
+    let arg_num = null;
+
+    if (typeof arg_str === 'undefined') {
+      // Handle mnemonics without arguments (eg END) ...
+      if (mnemonicsWithOptionalArgs.indexOf(opName) < 0) {
+        console.error(`Missing opcode: ${line}`);
+        throw new Error("Missing opcode");
+      }
+      arg_num = 0;
+    } else if (arg_str.startsWith('@')) {
+      // Handle mnemonics with pointers to labels
+      // TODO: validate label // validateLabel(line);
+      label = arg_str.substring(1); // strip '@'
+      arg_num = 0;
+      dbg(2, '');
+      dbg(2, `@label reference: ${label}`);
+
+      if (label in labels) {
+        dbg(2, '');
+        dbg(1, `'${label}' already in labels object`);
+        labels[label].bytesToReplace.push(byteCursor + 1);
+      } else {
+        dbg(1, `'${label}' NOT in labels object`);
+        labels[label] = {
+          pointsToByte: byteCursor,
+          bytesToReplace: [byteCursor + 1],
+        };
+      }
+      // dbg(2, labels);
+      dbg(2, `label pointsToByte: ${labels[label].pointsToByte}`);
+      dbg(2, `label bytesToReplace: ${labels[label].bytesToReplace}`);
+
+      dbg(2, '');
+    } else if (arg_str.startsWith("(")) {
+      // Handle indirect expressions
+      addressingMode = "indirect";
+      arg_str = arg_str.replace("(", "");
+      arg_str = arg_str.replace(")", "");
+      arg_num = parseInt(arg_str);
+    } else if (arg_str.startsWith("$")) {
+      // Handle direct expressions
+      arg_str = arg_str.replace("$", "");
+      arg_num = hex2num(arg_str);
+    } else {
+      // Accept decimal i guess
+      arg_num = parseInt(arg_str);
+    }
+
+    // Decode!
+    op = mnemonics2opcodes[opName][addressingMode];
+
+    machineCode.push(op);
+    machineCode.push(arg_num);
+    byteCursor += 2;
+    dbg(3, `cursor: ${byteCursor}, new code: ${op}, ${arg_num}`);
+    console.groupEnd('Input line');
+  };
+
+  printMemory.printTable(machineCode);
+
+  // Backfill label pointers
+  for (let k of Object.keys(labels)) {
+    let label = labels[k];
+    dbg(2, label);
+    for (let j = 0; j < label.bytesToReplace.length; j++) {
+      machineCode[label.bytesToReplace[j]] = label.pointsToByte;
+    }
+  }
+
+  return new Uint8Array(machineCode);
 }
 
-/**
- * @param {string} line - A line of assembly code
- * @returns {(object|false)} Either {op: machineOp, arg: 0}, or false if the line was blank
- */
-function decodeInstruction(line) {
-  line = stripWhitespaceFromEnds(stripComments(line));
-  let op_arg_array = line.split(" "); // split line into an array of [op, arg]
-  let opName = op_arg_array[0].toLowerCase();
-  let addressingMode = 'direct'; // Must be "direct" or "indirect"
-
-  // Handle blank lines and mnemonics without arguments (eg END)
-  if (op_arg_array.length < 2) { // No argument
-    // handle blank lines, or lines that just contain a comment:
-    if (line.length === 0) { return false; }
-
-    // handle mnemonics that aren't paired with an argument:
-    if (mnemonicsWithOptionalArgs.indexOf(opName) < 0) {
-      console.error(`Missing opcode: ${line}`);
-      throw new Error("Missing opcode");
-    }
-    let machineOp = mnemonics2opcodes[opName][addressingMode];
-    return { op: machineOp, arg: 0 };
-  }
-
-  // Handle mnemonics with arguments (eg ADD $FF)
-  let arg_str = op_arg_array[1];
-  if (arg_str.startsWith("(")) {
-    addressingMode = "indirect";
-    arg_str = arg_str.replace("(", "");
-    arg_str = arg_str.replace(")", "");
-  }
-  if (arg_str.startsWith("$")) {
-    arg_str = arg_str.replace("$", "");
-    arg_num = hex2num(arg_str);
-  } else {
-    arg_num = parseInt(arg_str);
-  }
-  let machineOp = mnemonics2opcodes[opName][addressingMode];
-  return { op: machineOp, arg: arg_num };
-}
 
 function stripComments(line) {
   return line.replace(/;.+/,"");
@@ -84,9 +165,12 @@ function stripWhitespaceFromEnds(line) {
 
 function hex2num(hex) { return parseInt(hex, 16) };
 
+function dbg(debugLevel, string) {
+  if (debugLevel >= DEBUG) console.log(string);
+}
 
 // RUN IT
 
 exports.assemble = (str) => {
-  return decodeMultipleInstructions(str);
+  return decodeInstructions(str);
 }
\ No newline at end of file