I am seeing a lot of topping patterns forming in the monthly charts. These stocks could be making multi month down moves so there should be some good money to be made. Here's some of the cleaner ones. I am going to focus on these stocks on the short side. Looks like they have a lot of room on the downside if these patterns do confirm.
BG, BGC, HSC, JEC, OII, UBB
Also check out EMR, APD, PH.
- I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.