Shorting some of these has been proven to be one of the
best ways to survive a long bear market. Riding out long positions
for a typical 18 months bear market is definitely not advisable.
See my E-book Killer Short Sales in Any Market" ($50)
Examples of ideal-type short sales.
http://www.tigersoft.com/PageFourTigerSoft/index.html
Always give more credence to those shorts that are part of a
large industrial group showing weakness.
In picking short sales, give extraweight to those cases where the current IP21
is below its 21-day ma. Thus, WFC is more bearish-looking than AAL.
BEARISH MINCPS
We want to see heavy red Distribution in our short sales
and a falling Closing Power trend, preferably making new 12-mo lows.
Watch for heavy distribution that confirms break downs to
new lows below flat support. Head/shoulders patterns, S9s
and S14s make the situation even more bearish.
