In Action Practice #10, we applied the Tensile Trading methodology to the buy side of the six charts. This week, we apply the same price relative approach to the sell side and show that it works just as effectively there. We even recycle the CDE buy chart and now annotate the same chart with appropriate sell signals.
The point is that investors can use the power of the Tensile Trading methodology to both profitably get into a high probability position as well as get out of a position with fading probabilities. Please remember that there is no universal right or wrong placement of the vertical selling line. We each require a unique personal set of selling clues before being able to pull the trigger. What you should aspire to achieve is consistency in applying your sell discipline.