hmm. I would agree with your theory, except that I think that a drop from 17+ to 14 in one day is more than slight volatility. The stock also fell below the 15 resistance level that it broke months ago. I don't like to lose 10% of my investment in one day. If the stock clears 17 again I will get back in. But GCO clearly broke its pattern yesterday. If it gets back to 17 in a few days than it was nothing, but...I am not willing to lose capital and hope that it was nothing.
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