Return to Pattern

There are a lot of stocks that climbed above resistance lines I had drawn and have now come back. I don't know if they're the best shorts right now or harbingers, but if they did lose that former resistance now support area, they could descend to the next support area. Some I have shorted because I think the market will start hitting overpriced stocks. It is my "the stocks are too damn high" short thesis. Here is SMG as an example.