| FNSR was on the watch list as "overbought" and due for corrections. In fact I have a lot of charts that are not overbought but on a precipice before they go into free fall as well. SDLI, RMFD, CSCO, HAND,CMRC, NVDA,TQNT,SNDK, ADBE,BRCD, AETH, JNPR,CIEN, GLW, BEAS, RIMM all are in extended downtrends, and some have already broken double bottoms and others are going to be breaking double bottoms this week. Looks like we might retest the first week of January lows and I'm ready to short or puts this week if we need to. I'm not long these losers, except some TLGD, mostly I'm in baby GEMS and health care (not biotech) and financials. looking for no less than 4 health care stocks to report by close of Tuesday,and some insurance and financials. |
