I have decades of experience studying, writing about, and trading based on technical analysis. There are times, however, that I will take a trade just because the chart seems goofy. Micron (MU) is a good example. I have, in the past couple of weeks, tilted at this windmill repeatedly, only to be disappointed each time. It illustrates how shorting something just because it’s Too Damned High relies almost totally on luck. Yes, one day it will turn, and turn very hard, but I’d rather stop guessing.

