No New Swing Shorts For Thursday

May 23, 2007

The market is showing signs of cracking but that is no reason to rush to short a market that doesn’t want to seem to ever stay down. When it is time to short, trust me, I will be shorting. Now is not the time. We need a real downtrend, the indexes below the 50 dma, and more than 4 clear days of distribution. We do not have this yet.

If this was a bear market, PNW and CTSH would make good shorts.

PNW

CTSH

Last 5 posts in Free Archives Shorts

Posted by Joshua Hayes | Filed Under Free Archives Shorts 

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