OK...enough of this correction. Another 35 cents or thereabouts shaved off the top overnight. That's about enough of that.
The 135 may hold but I suspect there will be a break of 135 just because it's mostly there already and it's dumped 75 cents off the highs since 142.5.
Even if it holds it may go into a longer term sideways ruining our profit per time ratio. It may take half back in the blink of an eye.
So, I would place a sell stop somers just under 135...like maybe a dime under. 13.40.
That's just me, though. I suppose if one where carrying a big lot you could dump half here...hold half. Or maybe dump 3/4 hold a quarter or
something like that. Hold a little something. You could always tell yourself...I'll dump it all and jump back on if +150 looks like a possibility.
Personally, I could never master that stroke and to hear other talk about it seems a difficult maneuver for most unless you're holding one or some
to catch the even bigger move.
At any rate, given as I'm about a Gann discussion here, I think that's the way ole Ganny boy would advise doing it and I could be wrong about that.