TSLA failed to push through 387, filled the gap and turned into a choppy range trade; it is below the prior day's low and its 8- and 21-day moving averages. Momentum stocks below those averages cannot be held; a one-year holder is underwater while a five-year holder is up a lot.

So it's just saying Tesla. Okay, Tesla, I got stopped out of yesterday. Um, it went from trying to develop a macro pattern into, you know, be careful. Um, you know, it gave you a little clue.

Let's get rid of some of these, um, you know, some of these levels. How to push through 387 and fail and then fill that gap and, you know, turning into just to continue to be a range trade.

What's Tesla doing this morning? Tesla is down five. So, there's some things to feel good about. you know, feel good about your system and process. I came in long a little Tesla yesterday and I got stopped out down three and then it went down I don't even know how much and now it's at 361.

Why did I stop myself out? I tried it thinking, hey, maybe it could hang in here and continue. But guess what? It went below the prior day's low. The reason why I was in a change and I got out of the way and now what do we got here?

This is a 36382. When momentum stocks are below the 8 and 21 day, you cannot sit in them. If you've been in Tesla for five years, okay, you're probably up a lot of money. But if you also if you've been in Tesla for a year, look where you know you are underwater.

You know, if there's active investing, there's active trading. There's so many ways to approach the market. You got to know where are you living, what are you doing. Anyway, um this gave you, you know, some people like, well, I got involved, you know, when it did a red dog reversal long here.

Okay, you had a move. Okay, then maybe you stayed with it when it made a higher low and then this was your push through failure and now it's just a choppy mess.

Rick Freeman, MU and SanDisk equal the Tesla of 2019 and 2021. That's true. You know, you got to be careful there. So, like my friend Peter this morning was also saying that, you know, I'm like, they're like, look where MU came from.

MU came from 474 when it when it broke out. This was a great awesome pattern. I remember this. Well, boy, were those the days. It was only in April of LA, not even a year ago. Went from 474 to 1255.

And then remember we talked about how it changed right here. This is when this active sequence said uh-uh it went into a rebuild stage and then gave you a few opportunities. But really right here on this day which was um I think last Friday when people like well it's going sideways.

This could be a bullish channel. This was the day I'm like well SanDisk is below the 50-day. Western Digital is below the 200 day. How is MU going to do this on its own? And we all we got out of everything.

Not every I'm just saying we were out of MU, SNX, those things. And I did try a little bit MU yesterday. I lost money yesterday and I'm happy about it. I'm h I'm happy to have lost money.

You know why? Because I said I'm going to try it. Tried it here and uh made a little bit of money and then got out when it broke the prior low because hey, this spot's not working.

You know, if you get out here, you could test here, but you can't be stubborn. You can't try and catch a fallen knife. You know, it was actually Yeah. No, I get It was even lower than that.