Watchlist & Stock Picks 12/9/08

Well, I'm not liking the market as a whole for shorting or longing. Here's my list with the added message that it may very well not be ripe for trading until we can see a definite pattern. Also, we're always looking for the set-up don't trade it until it makes the right candlestick pattern (if you follow the strategy, of course).

SHORT:

AMMD

ANGO

ANN

FUQI

IPAR

CRA

LONG:

These look like they're trying to reverse their downtrend and go up. You generally want to trade with the market trend... but I'm not too sure what we've been getting lately in terms of trends.

EVT

FSS

FARO

DIS

FUN

MTH

ARBA

AACC

GSIC

CMI

ALK - oddly I'm still liking this one despite it giving me the run-around. Looks like we're getting a pullback before another possible rally.