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play4trade
Sep 13, 2014 6:44 PM

$LULU Nice Pop this week after good accumulation. Long

lululemon athletica inc.NASDAQ

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LULU... This is good example where you have to really keep in mind EVERY TIME frame... Big Time Frame is SHORT!!, but small-intermediate time frame says go long. They will often be the "trend setters" as larger time frames take more time to reverse trend. this is why we often see fluctuations in price during accumulation/distribution as the momentum is shifting. Expect LULU to test what it just gained and then to head higher to get nice smack at SL around 48. Intermediate time frame says long as well as short, but remember that BIG Time frame is ultimately in control, and that is DOWN!
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