Our system’s recommendation today is to STAY SHORT. The previous SHORT signal was issued on 10/17/2014, 5 days ago, when the stock price was 11.1100. Since then NICK has risen by +3.24%.
It was definitely a day of high anxiety for shorts watching the sudden bullish move. The bulls now have the upper hand in the market. This bullish enthusiasm caught us off guard without the forewarning of a bullish pattern. Our previous SHORT signal didn't work out. This happens. Sometimes, candlestick patterns falter. We owe you an apology for that, but this is exactly what we have the stop loss mechanism for. The bullish stop loss of the last bearish pattern is triggered today.