NYSE:AYX You wanns see a beautiful logarithmic channel, then look no further. If you make the mistake of charting this bad boy in "auto" mode, you could easily make the argument it has run too far too fast. but if you look at this thing the right way, it sure does look like a tough short to me. Even when it tops out at channel resistance it doesn't tend to fall back down to a midpoint or anything, it just kinda grinds on up. if you do want to short here, best wait until it drops below that midline. Even then it's a dangerous proposition. My advice? Look for basically ANY pullback, especially if it brings it back down to the 100-110 range, and then just buy. Don't wanna be the person fighting this mammoth trend. See the pic below for what this same chart and lines look like in "auto" mode. Learn that log button boys and girls!! Happy hunting and GLTA!!
