123Tom's TA study group

[Gator328]

It's going to retrace. Maybe not tomorrow, but my guess is that it will based on the closing action after hours. Longs are taking profits and shorts will pile in. Who is going to take the place of the profit takers?

At some point it needs to consolidate anyway so may as well get It over with. Stair step pattern is ideal.

Right now is an excellent time to sell covered calls if you think it's going to go down.