PCLN Update

PCLN was a tough decision, it was the ONLY of 7 trading positions from last week that was kept as a short, yesterday I wrestled with this all day, I probably sounded flakey in my updates, but that was me just wrestling with the management of PCLN AS A TRADING POSITION, AS A CORE POSITION, SHORT, SHORT, SHORT! (Yes, I'm yelling).

However, how can I not like this as a long? Every concept that we use is right here in PCLN and it's one of the few that has clear signals.

 The break down from a triangle as a top (one of our concepts) and then forming a well-known and visible bear flag right where technical traders would expect it seems like set up enough, but knowing technical traders usually won't bite unless there's "confirmation of price" we have a break below the bear flag as they'd expect and as Wall St. would do to get them to bite. Did they bite?

 This is a break of a simple trendline, lots of volume there, someone bit something.

 We have the larger picture (short) and the "reversal process"-rather than an event with the rounding top, but we also have a centennial number just a bit above at $1200, this would also be the head fake move that creates our Igloo with a chimney reversal, we have the igloo so far, the chimney should be to the far right.

So the 30 min bearish chart for trend/core positions is an obvious short, 3C is leading negative, but that head fake move would make this a perfect set up.

And wouldn't you know it, the charts needed to push the head fake move like this 2 min, are positive

This 5 min is leading positive with the slip out of the bear flag suggesting a head fake move.

How can I not like PCLN as a short term long and a long term short? If PCLN can make it to >$1200, how can I not take that short sale?