chart
CMGI prints a high-odds CVx4 short sale pattern on this morning gap down. Note the converging elements: (1) Price breaks through the 62% retracement. (2) Price breaks the descending trendline. (3). Price gaps through major support. (4) The gap fills an opposing gap and completes an Island Reversal. Also note how the action on the 1st bar violates the whole number 50. This setup demands immediate execution as close to the opening price as possible.