Desperate?

Last week I opened two short positions suspecting market to weaken. I share in CNA but didnt reveal which counters. Its hard to publicly declare you are shorting when general sentiment still bullish. This week HSI futures drop 1000 points from its high, is this the start?

I also noticed 4th liner stocks getting into top volume daily, with many rapid markup. Although this appear bullish could it be the institutions becoming desperate, markup with limited time left?

Two of these counters have good formations. They fit my rule one of technical trading - potential breakout of consolidation after taking out major resistance. Catch is when such "perfect" setups fail, expect hell to follow. Hence rule two - cut losses short and let profits run.