Who Decapitated Your Long Setup?

http://www.youtube.com/watch?v=stcwcXbGCiM

To follow-up on my earlier post about Netflix, we have another failed long setup that had too many eyes on it, in the form of LinkedIn. Heavy sell volume today, to boot.

It does not mean a bear market is imminent, by any stretch. But it does signal a short-term weak market with exhausted buyers, which means moving to the sidelines is likely best.

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