"Notice that once it broke back into the range it came down to test the "break-in" on day three and then took off with a couple of good up days. Now she is back to the top of the 50%-ish of the range plus some and looking pretty strong. If it does not come back down in the next day or two, my guess would be she goes on up and out the top of the range. I have seen, on several occasions, price act this way and when she goes out the top of the range a good run up occurs. Of course that would bend an already crazy high curve to even more crazy prices but there is no law saying this can not happen."

This from a previous post on 8-29 that can be viewed by clicking the "In Response To" link. I think this qualifies as "a good run up". At no time after 8-29 was a short justified. Any shorts would have been made based on guessing and not the chart. That is why it was a loss.

Instead of trying to be top popping guru man and guessing where the top will be...place a stop loss where comfortable.