While at first glance NEM may look like a perfect short , on the longer term view one should be careful.Notice the 2 bottoms in may and the topping out process in november to january of each year at 50ish. If 50 is tested again it should be taken this time I believe. Nem could dip down to the low 30's and still be ok chartwise. IMO http://stockcharts.com/webcgi/Pnf.asp?S=NEM&Y=U&B=1.4&N=A&C=2