some charts (short side)

Posted by downtowntrader | 12/19/2005 10:15:00 PM | 0 comments »

Is it time to short goog? I'm sure some piled on early today, but i would wait for a break of the trendline. Lots of negative divergences.

I was watching NTAP as a long recently, but it failed pretty badly at resistance, so it may follow through and come down to close window.
Wacthing IFO for a break of the trendline. Look at declining RSI and CMF as price is rising.
MNST is another long that failed, so it may be a short now. Has good support below but keep an eye on it.

Also still watching VPHM to the short side as well. There is still a chance that we still get a rally here as the market tends to take the side of the minority, but in the real near term, we probably still need to bloody the street a little more. Be careful as volatility will surely increase in the next few days.
Good Luck,