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Conceptus, Inc. (CPTS), forming a coiling-type pattern with poor technicals, has moved back up to the 14 level from 12 recently, and is currently in a declining tops declining channel mode. Drawing a line across the tops you'll see the angle of descent, but the stock may have difficulty getting through this level and rollover. If that is the case, the target is 11.

Global Payments Inc. (GPN), in a very negative declining channel for the last 7 or 8 months, is currently in a wedge formation right beneath the declining topslines and moving average. A break here should get it down into the 33 zone at the bottom of the channel and then beyond.

J. Crew Group, Inc. (JCG), another retailer that's looking ugly, broke on Friday and followed through with another 78-cent loss today. Looks like it's headed for 27 1/2-3/4 where there's a major support level, and beyond that potentially down around 22, my intermediate target.

Visa, Inc. (V), which came down very hard in April and May, bounced in June, and then narrowed to form a descending wedge, is sitting right on top of key support that if broken could lead to a very sharp, quick decline from just under 70 to down near 61-62. Beneath that something in the high 50s may be doable.

Other Boxer Shorts on Harry's Charts of the Day are Almost Family Inc. (AFAM), Amedisys Inc. (AMED), Cree Inc. (CREE), Citi Trends (CTRN), Quest Diagnostics Inc. (DGX), FTI Consulting, Inc. (FCN), Guess? Inc. (GES), IPC The Hospitalist Company, Inc. (IPCM), JDA Software Group Inc. (JDAS), Mindray Medical International Limited (MR), Blue Nile Inc. (NILE), SolarWinds, Inc. (SWI), and Universal Corporation (UVV).