There is only one stock that is setting up in a proper short pattern and I have to be honest the way these recent longs and shorts are rolling over and losing their pretty charts just so quickly after setting up in some nice pattern is very disturbing and somewhat ugly and very unusual. I would be very careful in taking any position in any stock right now especially with longs and shorts recently deciding to act incorrectly. What appears to want to go up appears to want to go up at first and then just goes down. At the same time what appears to want to fall 5% immediately then reverses up 6%. This is not normal and nobody knows then normalcy will return but you never know it could be today. Be careful on these new shorts and longs. This market is still a little crazy.
new short position: BIIB
BIIB is breaking down below the 50 and 200 day moving average on very strong volume with BOP getting very red and ugly. Cut your final loss with a close above the 200 day moving average, if the stock does not move lower immediately.
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