entry long at 56.29 (10 points above 2.618 extension ), exit at 58.52 (sorry I have 58.59 on chart) (10 points below resistance and 161.8 extension toward missed pivot)
time frame for exit: between 2/14/14 - 2/21/14
Be careful as we have now broken 2 upward trend lines on daily chart suggesting more downside in the long term.
Nordstrom has been on a very good run for a long time. I made this chart using nmike's methods hoping it might lend a clue to how much longer this run may continue. One of the first things that stood out was that the majority of the bull run has been bouncing off the yellow trend line. That would have been a good buy point. The second thing that struck me was the...
