CMED Charts

Posted by downtowntrader | 1/17/2006 05:24:00 PM | 0 comments »

Here are updates on what my CMED charts are looking like. I commented last night that they were pulling back on decreasing volume and were looking like they were ready to move higher. They did just that and I added some shares as they eclipsed fridays high. They held my trendline and may run through their earnings release. Weekly chart is looking good too. I am also seeing a nice increase in what I call "basher shorts" on the yahoo public board which is a good contrarian indicator.