Sunday, July 27, 2014 8:41:41 PM
Island reversal play
You need to see that 50 mil day, not a combo of several days, to expect to see the $50 area again. Needs the same excitement to bust a move. LOL WFM is just being used as an example. TIP: Look at any island reversal and the story is the same. Huge fall from grace, Long term (6 or more months sometimes) bottom channel ( up to 5 bottom or top touches), Volume surge on one of the bottom bounces and gap fill!
You need to see that 50 mil day, not a combo of several days, to expect to see the $50 area again. Needs the same excitement to bust a move. LOL WFM is just being used as an example. TIP: Look at any island reversal and the story is the same. Huge fall from grace, Long term (6 or more months sometimes) bottom channel ( up to 5 bottom or top touches), Volume surge on one of the bottom bounces and gap fill!
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