Kroger-Overview of Measured Moves Approach

Since Kroger has sold off, we will have a Short Measured Move to contend with, likely a last swing high drawn to a low print, or an EXTENSION short, which is defined as a range drawn from a low to swing low.

Kroger will also have a historic low to a high Measured Move ("MM") which must be accounted for as we will always have bidders in a sell off.

Next up, the LONGS (LONG MM's) first and then the over-head shorts which must be "broken" if we will consider engaging with a long play or a short put.  We will want to identify any break levels which trigger buying and selling.

DJ