No New Swing Shorts For Thursday As The Market Still Has Not Entered A Clear Downtrend Under Heavy Distribution

February 28, 2007

The market still is not in a full downtrend under 4 or 5 distribution days in the past month. Therefore, it still is not the right time to short stocks. The trend still is not established. We are going to probably bounce around HARD in this area for a while or at least get some wild choppy days after the Tuesday we had this week.

If this market was clearly trending down, these are two stock patterns I would like to short: WTR GTRC

WTR

GTRC

Last 5 posts in Free Archives Shorts

Posted by Joshua Hayes | Filed Under Free Archives Shorts 

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