Monday, April 11, 2005

Shorts

CCK rolled over in March and has now broke its 50 dma on strong volume. RS already hitting new lows.

CMN might need a bounce but convincingly broke that 50 dma on heavy volume. Since this is a medical stock it might not make a great short but the chart pattern is there.

GDP broke in March moved with the 50 dma and now has failed it on a pickup in volume.

JMDT IPO short bumping 50 dma after multiple failures. A cut loss with a move above 19.00.

AFFM IPO short bumping and failing 50 dma. Chart looks like it is rolling over.

FLSH broke down in March, rode its 50 dma, and has now failed it in heavy volume.

BWA now breaking its 200 dma on heavy volume. Past month and a half is full of sellers. A move above today's high and you know I am wrong.

HCR nasty break in February but it somehow rallied. Well now it is breaking again and the past two weeks there have been obvious sellers. This chart does not look healthy.

FON heavy volume churning today against its 50 dma. Since Dec it has slowly trended down and now looks ready to fail and move lower again.

SEPR perfect looking short chart. My BOP went from green to yellow to red today, price stopped right at the 50 dma, and then failed on heavy trade. SEPR is the best looking short tonight.

AACC failed the 50 dma on heavy trade rallied on light trade back to it and now has rolled over past its 200 dma on heavy trade. AACC is an ugly chart with a heavy seller in the crowd.

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