WARNINGS 6-22-2018
False
breakouts in leading stocks is a serious problem for the
general
market because it dismays the aggressive performance fund managers
and
breakout traders. A quick head/shoulders pattern adds to the fear.
When
a number of such stocks break their H/S necklines, it unleashes
a
rash of Sell Stop orders and short sellers become aggressive. We
are
definitely seeing more and more of these situations.