My Slip Is Showing

Victoria’s Secret shares are tumbling as predicted, validating a recent short setup near the stock's peak. The downward spiral highlights the accuracy of technical charting despite the challenges of disciplined trade execution.

My chart predictions are correct virtually all the time, whereas my trading decisions are – – well – – not. A good recent example is Victoria’s Secret (VSCO), which I suggested as a short near its top. I didn’t hang on to the short, but the stock is in the kind of free-fall I predicted. Oh, well. Maybe some of you did better than me based on my own idea.

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