Well, I got stopped out of my TWM and QID positions. For QID when QQQ went above the third resistance line in the daily chart above, and for TWM when IWM went above the sloping upper resistance line in the daily chart. So no profits this time, and lesson learned that I should not short when the trend is still up (MA's still pointing up). Next I'll wait for a lower high before I'll consider shorting again.
Howard Milano
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