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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)

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To: Moominoid who wrote (1098)9/16/2005 4:43:27 PM
From: Walkingshadow  Read Replies (1) of 2852
 
WLS could well be topping out...

This is just my personal preference, but I like to see substantially more evidence of a breakdown before I'll short something, especially something that has been in a long, solid uptrend with steadily increasing relative strength. That's potentially very dangerous.

Particularly, I'd like to see a failure at a key support level, then a rally back to that old support (new resistance) and a failure there.

T
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