 Good afternoon this is Melissa with the stockswush.com and I'm here today to go over the racks. Racks actually gapped up last night and the funny thing is I saw that this morning I knew it wasn't a long I knew it was a short. Now I did not rate this as a bullish gap but you could have if you had it would not have rated well. The fact that the market power trended down today and broke and fell hard helped racks go to some insane target which is ridiculous actually it went like $5 but I did not do racks out of the gate as a short even though I knew it was a short and even though it was not a bullish gap I did not do shorted out of the gate because the fact is I'm not shorting gap ups aggressively which is what you would have had to do to do this out of the gate but I knew it was a short. Anyways the fact is that I was in something past my normal time of the day, saw that the market was breaking and decided to do racks so I timed a perfect five minute trade with the market and racks at the same time. I do not normally do late trades however I was already involved in another trade and I saw the market falling so I liked a short and I figured well I may as well look for a short and I really had a lot of conviction that racks was lower and it already was lower but this was a late trade to take I must be honest with you I normally am done by 10 but there are days when the market power trends or you see stocks have the potential to go to bigger targets which you could take a later trade normally I'm done and doing something else today I had you know time and I saw the market and I really really wanted to find something short with the market today and it's just as simple as that. Anyways I did the five minute here with racks, rallied up held, held the resistance, shorted it, had a tight stop over 29 and it dropped. I mean this thing just went to some unbelievable number today and I was prepared to scalp it as it turns out this late entry here where it held was timed so well with the market that it fell right down into itself and I got out and that was it. I mean it was a quick train considering the fact that it happened so late in the day and I'll just show you here timing of it with the market so the market rallying and the market held the resistance now I didn't short this but I'm saying you could have shorted this so you could have shorted the five and in the market at the same time as racks so I timed it with the market short and I'm not saying that every trade you do after 10 you should time with the market but a lot of them you should and if you don't know how to read with the markets doing then it's hard to do that but you could do trades on their own late if they swush or the gaps are so amazing like what I would call no chance of failure you could take it late. Racks was not any type of gap to really go aggressively after the fact is I just had a lot of conviction that this was a short okay but it would have been the wrong thing to do to aggressively take it in one minute chart in the open so I didn't but I did do a late trade in this time well with the market and it worked and but I had to stop tight okay and it fell it still fell so I tried it a little bit after the time I normally would today it all worked out really looking for something very very strong tomorrow strong meaning of a good gap still something weak because I like to do the shorts now the market did fall a lot today a lot of stocks fell at the market today we'll have to see what we get tonight or tomorrow morning but I still think we're gonna get something good because there's a ton of earnings out tonight tomorrow and there will be lots of things to get but this just goes to prove the point if you had rated gas racks as a gap up it would not have rated well to go long and someone asked about it going long today I said no don't go long this is a short but I still you know followed my rules did not do it aggressively out of the game because it was a gap up but when it broke and was already underway intraday with the market it was fine to do as a late trade so this is Melissa with the stockswush.com reviewing racks if you're interested in the Golden Gap course it's this weekend August 15th and 16th email me at the stockswush and Melissa at the stockswush.com if you would like to sign up for register have a great night everyone we'll see we get tomorrow