markbrsz
Short

$YHOO bearish signs into $BABA IPO

NASDAQ:YHOO   YHOO
204 0 1
My thinking here is that $YHOO has seen almost 19% gain since the breakout on Aug 16th. Monday gave a nice exhaustion candle and Tuesday's candle showed indecision and also a potential no demand, which was confirmed by Wednesday's shooting star (failed to close above Tuesdays close). Thursdays engulfing candle on massive volume adds further to the case,and on top of that, price formed a double top confirmed by failure to close back above $42.88.Call me crazy, but I'm watching for a possible crack of support near the low $41.70s
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