Dish Network (NASDAQ: DISH) dropped 8% today on news they are planning a $2 billion convertible notes offering, and the fact it did so on 10 times its average trading volume caught my eye. When price drops on volume that is several times the norm , it signals fear and panic, and could be the best time to buy. But, you never want to buy on this volume factor alone, especially after news. I'm putting $DISH on my watch list. I'll wait at least another two days before jumping in on any trade. I've noted an area below, where two trendlines cross, I'll watch to see if price holds or bounces here. I'll also take note of the volume trend over the next couple days and look for other change in direction signals such as a doji candle. Later this week, I'll re-analyze the chart and update you on what I see. 

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Caralee Carlson