 Good afternoon everyone. This is Melissa with the stockswish.com and welcome. Welcome to a market review. I really think this is a good day to be doing this here today. It is actually after hours the markets closed and it's still continuing down. Quite a bit and wow. Look at this. So we closed at 178.93 and we're now at 178.70. The market did what I thought. I called the market twice short today in the room and I don't think anybody believed me. Here's exactly where I called that we were done. I said that's it. We're over. Hold on. It was at 9.40. That was a great call. And I don't think anyone believed me. So you could have shorted the market here very quickly this morning. Initially I thought well first of all in the morning I thought that what we're going to do was we were going to set up to go lower, fake lower, but then hold. That's what I initially thought might happen today. I knew that we were going to we're not going to have some crazy green day. I thought we'd be neutral, tiny baby green, fake lower first and then hold or there was a potential that we'd have a huge red day. And I saw it setting up very early and then I said that's it. It's catastrophe and I called it really early. That's a great thing about figuring things out. You have everything set up that you you know ahead of time. You're all prepared. You did all the work everything. Everything's right there. But then in a live moment you got to be able to see what's happening so you can take advantage of the market of the moves or exit longs if you're them or take shorts if you want to make money or do whatever you want to do. Right here I called the market short. Right here I called the market short. This right here was a 3R trade right down there into the whole number 181. It's a quick trade. And right here when this set up I said that's it. That's it. We're over. We're done. Boom. We're going to run all day. That was a great call and it was very early. It was a 940. Now the market rallying here bounced off the whole number. It came almost all the way back to the high of the day and I was watching. I said hmm. But when the market did this, when the market came up here and didn't get over the high and set up here I called the second short. I said short. Short it because this was not right and it was too late. And if the market was going to get over the high it would have done it. It would have done it right here in this bar at 10 o'clock or 10 o'clock and then the market fell and then it was just over. And I said the target today for the market, the dream target was 179 possibly horrific target of 178, 17750 but I really thought 179 was very realistic and that's exactly what the market did. I mean I couldn't have been more exact about my target today for the market if I tried. We hit 179 and then into the close. The target that I had today for the market had hit at the close into the closing bell. That's amazing people. Look at us now. Look at this. This is crazy. I really have something down here with this gaps people. I mean these calls I'm making are just phenomenal. So we'll have to see here. I don't even want to say what we do next week until I see where we got. I mean everything I'm determining, everything I figure out, everything I figure out from the gap. And the reason that I said that I thought then that there was a potential that the market might have the kind of day which it actually had was because when I looked at the market this morning I said this is bearish because in order to hold in here today we should have opened neutral, come down and retest in it or open higher and then gapped up and followed through to the upside. When we were here I thought we'd fake lower but I thought we'd right away very quickly be able to figure it out and that's what happened within 10 minutes. I saw that we were going to fail and then we're going to have this crazy day and that's what happened. And this is shorting coming into the market now. So there's two things that happened here in the market today. One selling, two shorting. And when the selling started to come in and the shorting started to come in and the short started to push everybody down. The people that are long start panicking and taking profit and that's what happens. That's exactly what happens. Somebody in the room asked me today, I'm in shorts, I mean, I'm in longs, what do you think? And I said, well, it's up to you if you want to weather the storm or not because this is exactly what people start thinking. If they didn't exit their long positions at the first half an hour of the day by 10.30, 11 o'clock, 11.30, 12 o'clock, 1 o'clock, 2 o'clock in the afternoon people are deciding to get out as the market keeps falling and obviously you're better off if you want to take profit than something getting out early and seeing it, seeing it at 9.40 like I did and the market was going to fall and if you're in a long get out. No one should have been long anything today. I didn't look at all the other charts and things but no one should have been long anything today. There was no reason to go long today and actually I have to see what we do here on Monday. I mean, I'm not even going to say what we do on Monday because I don't know exactly what we're going to do on Monday because I don't know what's going to happen here but I think that we might actually get down. I got it. So people are starting to come in to short the market because I think this is topping. This double top, this triple top, this canket over the highs here, not being able to get over 185, the shorts are chopping at the bit to come in and they started to come in today. People are actually starting to come into this today and then the selling is coming down and pushing it down. I do not think this is the top of the market this year. I think the market is still going to continue the uptrend this year but that remains to be seen. I have to wait and see what happens here. Did this gap today? Oh, look at this. Where are we at right now? Hold on. I think we're going to gap down possibly Monday morning because we're just selling off here at the post market. Look at that. I will say this. We need to hold this. I mean, that's three and a half dollars away. We can have a bear stay Monday. I think we possibly now might have the chance to come in all the way down in here and I do think we're going to hold this. I'd be shocked, shocked if we break this. This is very strong here and this does need to hold. I'm just going to have to look at it day by day and live the moment here. I forget what I was saying before I saw that there. I think we're even going to break 178 here in these post market hours. 4.15 on Friday, Friday afternoon. This is selling off into the look. Look at this. So bearish market in the market today and I called that the market would just fall off the planet. I said it's ugly. It's going to get ugly people. I said it. I said it at 9.40 and there it was. And a lot of people in the room thought we're going to hold today because they say that gaps down to support typically hold but that's not true. That's just not true at all. If it was true that something always did something like that then all you do is always play that or something else. I mean, it's just not like that. There's so much more. I mean, I can't stress enough how important it is to learn how to read gaps. It's not as easy as buying on support. It's not as easy as shorting resistance. There's one bazillion levels of support and one catrillion levels of resistance. You can't just short this market here because you think this is resistance. This is absolutely resistance right now. This is set. This is resistance. I still think that the trend in the market bullish this year is going to continue and get up over this resistance. I don't think the short's going to win out but for the short term here they definitely are and we're going to have to see where we go from here. Is the market still in the uptrend after the scab today? The answer is yes. The market is still in the uptrend after the scab today. The scab today, the smooth today, the fall today is not broken the trend in the market. We are still in the uptrend. We had an intraday short term bearish move today in the last few days as well and this is a very bad bearish move. This is a huge big shorting day and you could have shorted anything today really almost except for Netflix. But I think I think we're going to hold where when all of that remains to be seen and I'm just going to have to live in a real lifetime and play it as it comes but I love to short and here's a great example why I love to short. When the selling comes into a stock, when the panic sets in or the market or anything, when that kind of momentum, when that takes over, it happens fast people. It happens wild. It happens whippy. It happens quickly and that's how you're able to profit very, very fast from short. That's why I love shorting. Why people prefer to go long rather than short was boggles my mind. It's bizarre a world to me. Shorts pay faster and bigger than longs quicker. They just do and today was proof positive of that and I won't be surprised if we gap and open up Monday morning under 1.78 so we'll just have to see. I mean if we open, no, I don't want to say it. No, no, no. This is bearish right now. I don't know where we go people but definitely the call I made for today followed through. I'm going to live in the real-life moment, look at the gaps every morning just like I do and follow it from there and read the market in a real-life time like I do when I trade. I do think that this area here has started to get shorted today. The shorts are pushing down and from the moment here intraday they won today and then some people took profits in the longs. Whether the buying is going to come into the market to lift it on through at some point, I don't know. It's not right now though and we'll have to see what we do on Monday and this is going to get down to an area here where it's really going to tell the sign because this is it people. That was a really good call I made on the spot today. I tell you I just to be able to see these things before they happen is what counts. It really doesn't matter if you see the markets falling, if it's 11.30 in the afternoon, if you want to short it's late, if you want to kill along it is late. You have got to learn how to re-chart some re-priced and read gaps. It's reading the gaps, it's reading the gap, it's reading the gap, I read the gap, it's reading the gap and how the gap acted on the open. It's reading the gap, it's a combination of read the gap and then I read the price and I read what it does and I read what it does into the open. That beginning part of the day, I own that part of the day to be able to see these things in that part of the day and beginning part of the day. Do you know something is going to work today? I saw what the market was going to do in that first period of the day, in that first 10 minutes I saw what the market was going to do. I didn't want to back up up near the high, it didn't break over it and my call was spot on. To see what the market is going to do in live time is skill. It's a skill that can be learned but you have to learn how to read gaps. That's how I figured all this stuff out and could see it in live time and see what it's doing. This market today I said was going to keep falling. It went to the target, the drain target into the close of business today is now and Monday I have no idea. I have no idea where we go on Monday. We are still in the uptrend though. For the longer term we're still in the uptrend of the market. The significance of this move today will be told in the tell-tale sign of how we act from here on forward. We're just going to trade in the live moment but really nice day for shorts today. Really nice day for shorts today. Really nice day for shorts today. If you saw that market call early like I did and look at this. Are you going to show the market here on lunch? Really nice. Even though I love to go short I'm not going to say that this is it. This is the end of the world. No, I'm not going to say that. I have to read what's happening here in live time. I called the market today. I said it was going to collapse. I said it was going to go all the way down nonstop. That was correct. I'm not going to say the market is going to change trends this year into the downside. I'm not going to say that. But I will say one thing. If the market wants to change trends, which is not, it didn't do today, but if the market wants to do that, I'm poised and ready with the stuff that I know and the information I know how to short to just go hog wild because I know how to short and I understand it and I know how to take the setups and I understand resistance and support better than anyone I know. If the market does want to collapse I'll be taking everything to dream targets ready if it comes. I've been ready for the last five and a half years since I've been trading. I don't think that happens this year. I think the market stays bullish, but the market will turn at some point. I don't know if it's 2014, maybe it's 2015, but when it happens I'm poised and ready with the information knowledge I have about shorting bearish gaps to really, really really go to town. So bring it on market. This is Melissa with thestockswish.com Have a great weekend everybody. Stay warm. It is so cold outside. So brutally cold here in New York City. Have a great weekend everybody. Email me at Melissa at thestockswish.com if you'd like more information about the next gap course. It's February 8th and 9th. Also I'm doing the wealth manifestation class Monday if you want to sign up for that, January 27th you get one month free in the Stockswish for that. And I'm doing the live event February 16th and that's going to be really special. It's the first time I'm ever doing a live event and I'm going to be working on that this weekend. More information on that to come. So have a great weekend everybody. Stay warm snuggle in and I'm off to watch the Australian Open. Have a great day.