02Jan2:39 pmEST

We All Have it Coming, Kid; Chess Moves

I went short LOW, as per my earlier post today, at $67.65. The position is roughly 4% of trading capital, with a protective stop-loss above $69.70 (recent highs). LOW looks ripe to finish out this week with a week chart "shooting star" bearish reversal candlestick after prior steep uptrend, seen below on the weekly timeframe. My risk is well-defined on this trade and I like the potential reward if the stretched rubber band finally snaps. LOW  

Going Short a Premier Name; ... In with the New

 
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