I find it far more accurate and profitable to use undercuts of prior support levels, downside moves to the tops of prior bases, and even moving averages as areas at which to cover my short position in a stock as it comes down.
- CHAPTER 4: In and Out: The Mechanics of Short-Selling
- from Short-Selling with the O'Neil Disciples: Turn to the Dark Side of Trading
- Publisher: John Wiley & Sons
- Released: April 2015
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