12-15 Cree cycles

I alerted you back on 12-06 that the 22 day and 34 day cycles were approaching tops and it was time to start thinking of taking profits.  It appears those tops are in (as well as a 45 day cycle).  The gap from back in August was closed (as I believe I mentioned might happen).

Now with 3 cycles down CREE dumped today as one might expect when 3 cycles align to the downside.  I have a target for the week under $65.  Time will tell - low $60s are possible by next week.  So you should have gotten stopped out today if you had not already sold. 

The play now would be to short CREE or if you want to limit the $s at risk to buy puts $65 or less.  See for yourself:

Gl traders....