still a long - just !!!, page-10

a definite short on my charts I am afraid AMC is heading lower, we are about to see an acceleration to the downside that will see AMC trading well below the $7 level, I am short from $7.35 :) :) :)

Here is what I said many days back,

"Very disappointing if you were considering going long or actually went long. After last nights close and especially today’s close AMC has now triggered a sell using a few systems I trade on this stock, daily and weekly have now confirmed the trend to be bearish, the recent up move could not hold to confirm the uptrend, the downtrend has now been re established once again. My last long signal was at $7.12 and a sell today at $7.35, I bought some more shares yesterday thinking the up move would hold and it did not, so we are now back in shorts from today at $7.35 and using my target levels I feel AMC could be on the move down to $6.68, one sad looking stock, plus the long term downtrend still remains"