VLTC Daily Short

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This is my favorite short. Massive background markup allowing distribution as shown by volume . Minor rally upthrust on May 01 shows more weakness. Stepping down of price in an orderly narrow spread fashion, just to see how low price can go without a break. 06-03 looks like a quick short covering rally and confirmed by price immediately giving and heading price level from short cover rally occurred.

Now over the last three days we have a sort of 'peeling off' of price. Wyckoff called this slab sided and usually indicates a nice break is about to occur. I'd like to see the break go right through support of 6.00. This market has a long ways to fall.

Either should have go 1. short on the close or to prevent false positive, 2. enter a short stop under the mtk so you'll be taken in on the break (prevents getting caught in a rally). Only risk with that sort of entry is a spring below the mtk taking you in and then a late days rally to the highs. Though there's so much weakness in this market I expecting the break
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