Quote from deadbroke:
No pj, the Short is still on and stays on till approx. 7 bucks just as I said before I would do. I shall re-post the previous important post (for me only) to show that my thought-ing has not changed.
Remember I'm Short for years now from the first valley down from the Nov 2007 top. Even if I close out the Shorty at 7 bucks, which is a bit higher from current prices, my profit margin is still approx. 90%.
So, I am still Short. And yes, its a pure Daily chart play.
I am looking to add to Short at the first sign of weakness.
I expected the weakness at the 200 m.a. but clearly she has crossed it.
I'll wait and will post the result immediately.
Q.E.D.
Still Short. Short now continuing for 3 years uninterrupted, longer than any marriage I've had. The line in the sand at 7 bucks remains unmolested. I could lower my STOP to the Dec 13, 2010 peak around 6.5 bucks but there was no interim lower low since the July 2010 low, so 7 bucks remains my Stop zone, manual of course.
No positions added but if the 50 crosses the 200 to the downside I'll be tempted to add to shorty.