[Tryst]

ah, I see now. So JIL did go into a stage 1 but came out of it quickly. I was thinking you still had it as a stage 3 but potential to move back into a stage 2 continuation.

It can seem, for me anyway, that these types of charts can be quite tricky to call as they have effectively done the bulk of their stage 4 declines as the 30WMA was still rising.

Thanks for clearing that up.

The thing I've noticed over the last few years is that during a bull market, the Stage 4 breakdowns can be very brief, and the bulk of the move only lasts a month or two before they begin consolidate higher and recover back into Stage 1. So unless there's a prolonged bear market i.e. 2008, then shorting is for the most part a short term traders game the majority of the time.

I couldn't agree more.

There are some gems of stocks in terms of chart patterns to short, but low and behold they are just holding up from breaking down hard.

It is great education mind, watching how these markets move in a bull market and how they correction etc.

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A few for the UK long watchlist today - ARGP.L

This one has worked out treat. Cleared resistance and on stunning volume.