TIE Titanium Metals

Holy cow, I'm researching short candidates and Titanium Metals has it all. There is the climax top in early May, the excess in supply due to all the recent stock splits, and high volume down days. Look at its attempt to recover on weaker volume.

It is just a bit too early to short. According to William O'Neil, the best time to short is 5 to 7 months after the absolute top. I'm going to wait for another rally attempt back up to the 50 dma and then its time to short.

The only thing that worries me is the M&A activity that is going on in the materials sector. I think TIE is too big to be an acquisition target, however.