Discussion in 'Trading' started by a529612, Feb 1, 2007.
5 up days in a row. The odds favor the short side.
Shorting all time highs on an upside breakout?
Still, you could be short for 10 minutes or 10 months for all I know.
Does 800 now become Support for the Russel 2000, Its up a solid 3% in 4 trading day. I believe its a bit overbought here as well but the Russel 2000 did need to break 800 which it did.
ALL TIME HIGHS.
Ever look at historical quotes and see the high and wonder who was lucky enough to short it at that very second after the stock had been down 8%, 15%, 25%, 33%, or even 85%....
Those who were anticipating a change of trend, I should imagine.
3% in 4 days is nothing for the Russell, it can move that much on a single trend day as it has in the recent past.
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