China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

Something is very wrong. I got out today. I suspect some very bad news is on the horizon because this pattern stinks of insiders dumping.

And who in their right mind would call this a bullish close? 150k shares to the downside and a close BELOW $11. That as about as bad of a close as I could have expected. There are sufficient sellers at this price range to exceed buyer's demand. What the hell is bullish about that? And how about the fact that we are now .35 below the 200 day MA? Yeah, very bullish - pssst.

All signs point very south of where it is at now. I hope for all of the longs that I am wrong, but I don't think I am. $9 is coming I'm afriad.