Alex_Quiroga

Dow drops 1,175 points :( #19 JACK)

Short
NASDAQ:JACK   Jack In The Box Inc.
Some people have problems with the idea and concept of short selling stocks and others think that is illegal and immoral.
From my point of view I only focus in the technical aspects, in the case of short selling the concepts are rotated 180 degrees
For example to buy stocks the ideas I publish are based in resistance becomes support
Here it happens backwards, support becomes resistance
This idea meet with this requirements and a price pullback to the new resistance line is very clear (red arrows)

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