The Novice Bear

Here is a setup that is my own personal variant on the TD Combo or TD Sequential.  I have talked about this many times but it goes like this:  A stock is trending lower and gives a buy signal, it then breaks the stop loss point only to come back up after a bounce to that same stop loss point.  What always seems to happen is that it runs into heavy resistance and then heads lower.  This strategy worked like a charm on Cintas (CTAS).

Here is that same setup for MNST.  As a result, I went short today.  As an added bonus, both Sequential and Combo gave almost the same readings.