Thomas, most likely, SPLS moved up on "Window Dressing" reason -- Last day for fund managers to move around their stocks for this quarter. An analyst mentioned that SPLS was safe bet today on a down day market because of its earning feasibility!!! Let's study its chart to see if it is good to short it <g>! Many retailers were down today.
BTW, today was "Window Breaking" day rather than "Window Dressing" day <ggg>; Art, the WS floor representative for CNBC mentioned it.
It appears you are attached to SPLS since you have successfully made money from its trading! NEVER FALL IN LOVE WITH ANY STOCK -- I have paid for it, badly! As a family member of BTTT, I may remind you to stick with the system. Let chart tell you what to do!
Also, could you explain the following patterns: flags, triangles, channels, zig-zag corrections (lightening bolts), and channel trend lines in your terms so we all can have the same understanding.
Regards,
Mike Learner
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