The Q’s opened neutral this morning setting the high for the morning during the first 5 minutes and has continued the sell off with every pull back to the 20 ma being sold off. The high is 65.73 and the current low is 65.20 with the Q’s looking a bit sideways here going into lunch. My first play was a short in AKAM which was on my Daily list because AKAM had triggered a daily sell pattern yesterday. My entry was the 2nd sell setup at the declining 20ma. The play had a lot going for it with a topping tail bar at the declining 20 ma, a new lower low, COG formed, nice void lower. With all of these things going, AKAM still managed to take out my stop. To make matters worse, AKAM rolled back over and dropped like a rock. It’s been one of those days!
akam