MarketSwingPlayer
Short

MA - Am I crazy to short this beast.

NYSE:MA   MASTERCARD INC
132 4 0
Price went above the trend-line and used it as support for a week after major trend-line breakout. Now this bullish stock is experiencing long exhaustion. Nice big red candle and price going below the trend-line.
I was short early on this stock because I wanted to anticipate the next move after breakout, so went short when saw the first red candle above the trend-line. Now the price is finally coming down.
I fought the beast and one. Cheers. Closing this chart as profit
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MarketSwingPlayer MarketSwingPlayer
won
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Come down big boy, still short.
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End of month fund managers, moving price for now. Nice stock to have in your 401K. MA should be able to take a breather next week.
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