Friday, April 01, 2005

Shorts for the weekend to ponder

PDFS 50 dma failure on heavy volume after a long base filled with heavy volume. Not good.

MYGN I want a bounce before another short opportunity comes available but a small add-on short here if you got short the late March support breach on good volume.

CFB 50/200 dma failure on heavy volume and 2005 support breach, after already selling off earlier this year.

TXRH is a great short with a follow thru down day on heavy volume from its late March break on heavy volume. These IPO shorts are great when you can find them and I think TXRH could head to its 21 starter price.

CME had its 3rd failure at the 50 dma and did it on heavy volume. Breaking below its March support on good volume creates yet another entry on CME. The early March breakdown was the second and best short entry area.

DCX with gas prices so high, I guess ppl can not afford to buy new cars. DCX is falling again on heavy volume. Since its mid March break on heavy volume it has churned lower on decent volume. Then today another slap in the face. This is a great short entry and if those October lows get bested, I dont see why those lower 30s cant be hit.

STK and SPLS are also both shorts. Both charts show a rolling over on heavy trade.

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