lowtrade

[lowtrade]

Don't know about predicting shorts action. But if it stays above the falling wedge top line a bottom bounce play may be at hand. Remember you should have waited for first resistance to be broken. That was at $9.00. Early again. Caution, you really want to be sure retail is behind a bottom bounce, before you enter.

Especially if there may be a battle, with large short position stocks. That cover you THINK should happen, just may become a battle for direction. And shorts usually win battles, when stocks don't have confirmed retail conviction. Resistance break is the first sign of this conviction and volume is second. No increasing volumes in a resistance break?

Caution - your early

http://stockcharts.com/h-sc/ui?s=SVM&p=D&yr=0&mn=2&dy=0&id=p22558521728

Need to stop thinking the world thinks like you. And wait to be sure, before buying. IMO Being early only works at the dinner table. Early to a race doesn't help. You still need to run it.