There is nothing more to say because shorting at breakdown bars are very risky. Just when you thought the market would break down further, today it bounced up as of now. For my trading technique, I would always short before the breakdown, long before the breakout and understand where are all the excitements and panics to capitalize on public's fear and excitement so as to profit from it.
Just when you think a open low close high bar is bullish, it turns bearish and just when you think open high close low bar is bearish, it turns bullish. If you read any books or any information on the internet, they all say the same thing, open low close high is bullish and open high close low is bearish. If that's so true, then why today bounce up after it brokedown yesterday and why on Friday it breakout and yesterday it brokedown?
Think about it, if everyone does the same thing, how can the BBs profit from you? These has got to do with psychology and by only understand how BBs operate and how they hypnotize the public's mind, can one profit consistently from the market. To me at least, timing is very important. By timing your entry as close as possible to the BBs, you have a trading edge and probability of beating the game. Nothing much has been written on stock speculation with timing because it's an unique ancient art which requires detailed understanding and study of psychology in the stock market so as to decipher minds of the Big Boys and profit with them.
Ronald K - Market Psychologist - The Big Speculator
