One of the cleanest charts I have ever seen: October 31st, 2008
October 31, 2008 – 12:41 pmWhat an excellent short selling opportunity we have here in ITT Technical Institute (ESI) We have a strong resistance line at $90.00.
Now this is a 1 minute candle chart for the past two hours. Notice how the stock price hits the resistance line of $89.99 5 times in the past 15 minutes or so and CANNOT break resistance. The intraday high on this thing is $89.99! This is down to the absolute penny and I expect a retreat very soon. As I write this article, the shares are trading at $89.58 and falling like a rock.
