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Amedisys Inc. (AMED), which has been hit hard recently, could see further downside. The topping pattern was broken in May. This stock has continued to bounce lower in sliding fashion that accelerated, formed a bear wedge, gapped down, tried to bounce back, and rolled back to retest the lows. If those lows are taken out at the bottom of the channel and key support, we could see a drop that takes this into the high teens at the very least.

Cree Inc. (CREE) has been a fantastic stock in the last year and a half, having run up from the 12 1/2 range up to over 80, in the 83 range. It formed a topping pattern, came down hard a couple weeks ago, and bounced, but rather feebly, and I don't see much reaction from the technicals. Today it backed off 1.47, and if the low around 56 is taken out, this stock could cascade lower. Short-term target is 50.

FTI Consulting, Inc. (FCN), in a negative declining channel for the last year and a half, two years, has certainly gone opposite to most of what the bull market has shown us. It rolled over hard in early July and formed a wedge. If this rolls over and retests the 31 zone and it takes that out, it could move down to the mid-to-high 20s.

Blue Nile Inc. (NILE), another retailer with a negative pattern, topped at the end of last year, came down at the end of Jan-Feb, bounced, rolled over, retested. It has done that four times, and finally it broke last week. Since the break, the stock has formed a bear flag. It looks to me like we're headed for a move down to 36, my initial trading target, and beyond that, secondary target is down around 28.

Other shorts highlighted tonight on Harry's Charts of the Day are Almost Family Inc. (AFAM), Aeropostale, Inc. (ARO), eio, Conceptus, Inc. (CPTS), Quest Diagnostics Inc. (DGX), dlb, JDA Software Group Inc. (JDAS), Jinpan International Ltd. (JST), Student Loan Corp. (STU).