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[viccarter]

to short term trading. This is from experience and practice a lot on shorter time frames as well as just looking at the shapes of these patterns on individual stocks which can be more extreme. Anyway you have to hold them when you get short them because they always go down more than you "think" they will. BUT I HAVE NEVER SEEN ONE JUST CRASH. So now that we have given back all the May gap stupidity, (as I said many times we would), we are kind of on first alert. Now we might take a slug lower from here just for good measure, but it will be temporary. The odds are high that redbull will get a nicer exit around the breakaway gap down 975 or 980 if they will stay cool and not panic here.

[viccarter]

This is not a blessing of any "get long positions", but I'm just saying if anybody is trapped, keep it in mind.

Edited by viccarter, 24 June 2013 - 11:45 AM.