Shorting on an up day!

Here's an interesting example of the consistency of our oscillators from today. Check out the right hand portion of the intraday chart of WFR at 9:45am shown below. We can see from the bottom chart that Blue oscillator is clearly dominant and now is showing signs of turning down. If we examine the price (not shown here), we can see that it correlates well with this oscillator. Red which is the sum of Black and Blue has already started the downward journey under the influence of Black. The residue also has started its downward journey. The price is $11 in this chart.

Wfrshort713

Now check out the charts later in the afternoon.

Wfrshortlater

The dominant oscillators have continued their downward journey bringing the price to $10.69. That is profit of 2.8% from a short sell on a day overall markets are up over 2%.

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