The TA Study Lounge

[coydog]

Since I am mostly out of the market now I thought it appropriate to take a look at the bigger picture. In the past you had months and sometimes years to unwind out of a stock position. Recently you have a few weeks or months to get out with your shirt. Trading cycles are so compressed that if you are not a nimble trader willing to go both long and short instead of just riding your big winners upward I think you are toast in this market. Any stock that is two or three hundred percent above its 200 day moving average should be looked at as a possible short candidate. Remember how we said TASR was just unbelievably strong. Now it looks like a dead pigeon. But I think I will have a bite or two of that dead pigeon.