Cramer Pumping $AXP Just As It Kisses My Short Level...

Is Jim Cramer a contrarian indicator on American Express Company (NYSE:AXP)? He was extremely bullish on Mad Money this evening but everything I see spells major downside on the stock. There is multiple mounting technical signals that tell of a sharp decline coming. What has me looking to short American Express is not only the 28% mega it has enjoyed since November, but also the stock hitting the weekly stock chart 200 moving average and an absolutely huge resistance trend line stretching back to 2013. This can all be seen on the stock chart below. Honestly, the odds are against Cramer here and firmly in the pocket of short sellers. A normalized retrace would be to $67.50, a correction of over 10% over the next month or two. So here I am, pitting myself against Jim Cramer. Let's check back in 2 months and see where the stock is. I am shorting it and putting my money where my mouth is.

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