CMED has bounced off $37 few times successfully then last week $36, now it breaks lower. NDAQ is in a different industry but similar chart pattern breaks down to $32-$33. CMED will bethe same, doesnt matter China or cheap or whatever. i am a big fan of CMED but have been trading it since i sold all months ago. Not in a buy 7 hold mode this year, just trade to make money.
Patience is profitable, stock market has a way of shocking everyone. Wait for lower price then trade the new lower range.
only way you will have any credibility is if you call your trades for the next couple of weeks. Let's see how good you are. Any posts or calls you make outside of real time will be lying as far as I'm concerned. Let's just see what you know. It's easy to call out yuor trades later.