So, that all said? For me the "what to watch for"
for shorting is? To watch this sell off over the next
few days then the bounce (if we see one). IF IF IF that
bounce forms a channel? Then I salivate on the
short side. Think Just when you think its safe to get
back into the water (bulls) that's about the time the
sharks show up. Time will tell
These are not recommendations, trade at your own risk.
For informational and educational purposes
What matters is when it bounces for a few days. Again, I'm looking for a bear channel to
develop over a few day period. IF it happens great, If it doesn't then so be it. For me its:
No pattern, No trade. I don't chase stocks long or short AFTER a reactionary spike, but that's me.