After the big run up over the last 1.5 years, it is not surprising to see a big sell off (especially in May).  When you see a big break away plunge as we saw today, seldom does it end after one day.  If this is wave 1 (on the hourly chart) we may see a bounce before starting of wave 3.  But expect markets to be soft again tomorrow (and for 3 or 4 days).  On the 5 minute chart, on both the NDX and SPX it is a perfect example of a 5 wave pattern.  

CWH: Stock has made a massive head and shoulders pattern and is now in a down trending channel.  It held support today at $28.80 and closed $29.10.  But it appears to be starting wave 3 of a 5 wave pattern and I would look to go short below $$28.80 with a price target of $25.00. Short ratio, 3.8 days to cover.

DIN: Stock was in a down trending channel for over 1 year and then in December last year it accelerated to the down side dropping from $82.00 to $50.00 4 months.  Last month it broke down out of a bear wedge and today broke support at $49.50 closing near the low for the day at $49.20.  I would look to go short below $48.70 with $42.00 as the first price target.  Short ratio, 5.6 days to cover.

FNSR: Stock made a double top at the end of February and gapped down sharply.  It then formed a bear flag (wave 2) and broke down from there to trade as low as $22.00.  It then formed a bear wedge and today broke to the down side out of the wedge (which looks to be the start of wave 5).  You could short on a break below today's low at $22.93 and if it breaks $22.00 the price target is $18.50.  Short ratio, 2.3 days to cover.

ZPAS:  Watching this stock for a bounce.  I doubt it can get much higher but waiting for the right set up before entering.  My price target on this stock is $.50.