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To: Perspective who wrote (114427)7/25/2001 11:07:09 AM
From: Perspective  Respond to of 436258
 
Note KSS is in a similar position, poised to give up its ridiculous 50%/year climb rate trend line.

[EDIT: Added benefit: nice clean head and shoulders topping formation - ie three attempts to get above the highs, all failed.]

BC



To: Perspective who wrote (114427)7/25/2001 11:15:26 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<The maneuver: wait for failure of the support line (you can see it on weekly or monthly charts), then go nuclear short on the first bounce back up to the line.>>

That's my favorite trading tactic of all-time...short the trendline break with 1/3 position, then short the retest from below with the remaining 2/3. Looks like a great play for HD...