HUBS: As I said, "sideways to down."

[Arindam]

[Arindam]

Notice what just happened. HUBS tagged prior support, but failed to break below it. So the algos began to bid it back up. This type of tape reading is outside of Quill’s SS method, but is complementary to it and is needed if one wants to stay out of trouble.

[Arindam]

Here’s another screen shot of the price action for HUBS. And here, Quill’s Smiley/Frowny face method would have nailed the move exactly. (The guy’s a genius.)