Daily Bear flag on CBE, Could still be play the short right now

please advise

I have no words, but to acknowledge my failure. I want to thank all of you for something that will happen in the future, but for now its a Goodbye. 

SRS goes down the drain....its probably being painful for those that are holding it, like myself...I have again acknowlege my #$#@%#$%#$ error in trading.

Matt, when is the best time to short a stock when the news is good? Or buy a stock when the news is horrible?

Excellent! Not that many people actually make a decision. Good job for making a decision and great job for making the great decision!

that's right, but lets wait until it consolidates on the 5 min charts, and once a green bar takes out a red bar, then we should prepare to go thru the line of least resistance

today might and I mean, possibilities that it will bounce back since there is no resistance above until 17, which it will travel up in the line of least resistance

ok....every technical analysis book says that traders should not  follow the news...so if the news was good on the pending homes today, why do traders still follow it? such as IYR?

Interesting how SP500 is at 1000 and Nasdaq is 2000.  

Perhaps, all the short sellers got frustrated today after todays actions. tomorrow,and every other day will the defining moment. 

I bet that this market sideway action is getting all the novice trader really frustrated. thinking that todays morning down was the beginning of the drop, but it wasn't. it just reflected that we as human don't know what we want.

SSO, triggared short on 30/131 EMA. It hasn't triggerd since 7/13. wow! 

MSFT down down she goes after reporting earnings! 

98 is sure resistance on the SPY

Can anyone help setup the mechanical systems on Tradestation? 

In fact, i think it just breach in to 98 and had a reversal

Anyone see how much supply there is between 98-100 levels on the SPY???

With neg Divergence on the Daily and on the 60 min chart, one can probably take short position here.

Perhaps (Novices) are jumping in. And the Pros are starting to protect themselves once the decline starts to happen. 

Greed and Fear are together once again

When you mean withstand, do you mean, that you willing to risk the market falling back to a level where you're sure, like 100% that it will stop and continue to come back up where you entered today?

Or are you  just emotionally inclined to enter today because you don't want to miss this so called bull market that everybody thinks we're in? 

In other words, you want to get on the bulls bandwagon?

Could this be the end of the bear market rally now that it hasn't pullback, and it setting the biggest trap of the year? Greed levels are off the charts!