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Strategies & Market Trends : Shorts waiting to happen

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To: Cadaver who wrote (535)8/13/1996 11:07:00 AM
From: Joel Brussell   of 852
 
Cadaver;

Take a look at PSFT, adx line on daily and weekly chart is warning of a reversal in trend
stock is inching higher along the upper trend line of broadening top.
I will probably wait for some sign of weakness before shorting cause of possible upside accleration, but I think we're close.
In CSCC we could still breakout on upside. I'm looking for a failed rally.
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