In the July issue of TASC I wrote an article
describing the use of channels to detect potential reversals after
extended moves. Anyone trading the equity markets lately is aware of the
extended bull moves we have experienced and the refusal to correct. Many,
including myself , who have tried to short the market have had to accept
losses as the upward move continues.
This week a number of issues have signaled short at
their extended move boundary. These issues should prove to be more reliable
short candidates.
The shorts are:
CA
CELG
EBAY
ISRG
LBTYA
LIFE
PDCO.
Only one long candidate on the list -
FLIR
Regards,
Jim White
Pivot Research & Trading
Co.
PivotTrader.com
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