What is flat channel drop?
Flat Channel drop is the opposite of Flat Channel Breakout, which is when a long period of narrow trading range followed by sudden increase in price and volume, effectively breaking out of the narrow trading range. This kind of pattern has been described in books such as "How I Made $2 Million in the Stock Market by Nicolas Darvas", and "Stan Weinstein, Stan Weinstein's Secrets for Profiting in Bull and Bear Markets".
Many people already use Flat channel breakout, but few realize the opposite is a great trading method in a bear market. 5 days ago Screenulator.com detected several flat channel drop which could be used for shorting trades.
http://www.screenulator.com/cgi-bin/view_screen?id=15 for more similar patterns
EXM, ERTS, HIG, MLM, SCL, PFG, THFF are all had flat channel drops. Signup to see today's drop and much more other patterns.
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