the FL short trade has about come full-circle, back to breakeven and now looks to be finally breaking down from that daily rising wedge pattern. FL was originally posted as a short entry at the top of the wedge on aug 13th (at 34.32). the trade went underwater for a while as FL, like so many other stocks as well as the major indices, pushed higher to suck out the last of the weak-handed shorts & draw in the last of the late-comer longs. the stock then, as expected, moved back inside the rising wedge pattern and is likely to breakdown soon. as the market is closing as i type, best to wait for a solid break below the wedge tomorrow or later for before adding the second lot or for those looking for a new short entry.