Short Candidate Or Not "nue"

Please see the attached chart and what you think purely on TA. Is it short candidate or not yet.

http://stockcharts.com/h-sc/ui?s=neu

 

Looks early to me. What has you thinking short here?

 

Thats why I need to get some opinion. To me Macd is exhausted. I always try to see 3rd push on macd and it is already been push for 3rd time. Secondly the stock is up morethan 90% within 3 months period and it is due to pullback very soon it seems.

 

And thirdly the stock market is game of probability.

 

I would wait for the turn and not fight the trend. Sell low and buy to cover lower is a good way for me to roll with stocks like this. I didn't do any DD on this stock but it looks like its strong and could be building on good fundamentals.

 

What is this? A crash detector?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1026968>