| May I suggest you take a look at some of the small caps that have run up the last few months? Normally, I stick to daytrading, but MOVI, STEI, FLWS, MIMS, IDCO, MDCI, and BKUNA are some that are on my watch list right now for possible longer-term (days or weeks) swing shorts using the Larry Connors "Crash Burn Profit" set-up, which starts with stocks that have run up to weekly ADX's above 60. MOVI's weekly ADX is pushing 70 right now - you don't see that very often. It's also got a relatively fat price, pushing 30 now, and I'm told that there's a buzz developing about it (often a signal that the end is in store). Usually, there's a fundamental reason, or apparent reason, for such run-ups, which frequently seem to build on themselves as short-sellers pile on, only to get squeezed through the top as the bubble inflates. I'd be interested in hearing what your RSI method and FA tell you about these. |
