Tuesday, November 29, 2011

A Few Short Setups to Consider

Don't know if this market is going to fall back down toward the abyss anytime soon, but today certainly wasn't an impressive follow-through to yesterday's relief bounce.   We may move a little higher in the short-term, but I think there are much better setups on the short side than long right now.   Here are some to consider...

ARUN
 BIDU
 EDU
 GMCR
 SPRD
 STMP
All Charts from Telechart, Courtesy of Worden Brothers, Inc.

1 comment:

Anonymous said...

hi mac

buy at dips finished, certain pressure on me last 3 days. finally, my bullish view ends today too.

thx

mini-me