play4trade
Short

$SBUX Weekly Chart... Distribution... Can you recognize it?

NASDAQ:SBUX   STARBUCKS CORP
33 0 0
Everyone thinks that when we sell off it has to be super fast and large... In part that is typically true, but you must realize what is in control---->Larger Time Frame. Momo is still up... so no matter what it will take time for sell offs to occur. Distribution is the process of getting prepared to sell-off. Sometimes it occurs in a flat range as we have seen w/ $SBUX, or it can even happen as price rises, but the key is to watch the overall momentum as price rises. You can acknowledge the inverse with accumulation as price is declining. The levels take time to identify... But once you become more acclimated with SG/SL, anyone can pick this up... This is a great setup short coming this week. Most people have already put short positions on... MM's will test there conviction... Stay Tuned... :-)
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