ORCL Follow Up

Yesterday I presented ORCL as a trade idea (short), the post can be found here.

Like PCLN and RIMM, ORCL didn't do much of anything yesterday, it's moving today.

 Here's the long term top as a reminder...

 And here's the channel that had several options for different trade entries in yesterday's post.

 ORCL is moving down and moving in to the gap, the gap is also near the bottom of the uptrend channel, note in the red area ORCL did not move with the market yesterday (one of those breadth incidents). I take that lack of participation as weakness in the stock, but again, see yesterday's idea for more details.

 Here is ORCL moving down and in line or trend confirmation.

The 2 min chart is leading and looks worse. See yesterday's post for all of the charts.