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Strategies & Market Trends : Shorts waiting to happen

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To: Elliot Fabric who wrote (238)7/14/1996 9:24:00 PM
From: dppl   of 852
 
Elliott:

I agree about VTSS, the chart had more of a build up than many issues we are looking at and is more advanced.

For a short, on the positive side: VTSS is in a definite short to mid-term downturn. On the negative side (for a short), there has been a good deal of correction and maybe we are in the presence of a flag forming 24 and 19, which matches a consolidation area back in late March (though this was on light volume) but which may be traced back as far as late Feb.

I agree with Jim Roof, SYSF is about the best looking short. I am waiting to study volume tomorrow and movement before moving in with a rather large put (say 25 contracts in the money, ready to add another 25 along the way).

By contrast ASTF looks like a certain but slower downer. A movement up followed by a falter can be seized upon.

Good luck
Let's keep the ideas flowing - I think we are in a period rich with shorts potential.

dppl
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