No.... i think its dumb to go short now....i'm feeling bearish but... mkts haven't given us the trigger to go short... at least not yet. I definitely would not be loading up on longs since we are at resistance.... now is the time to be looking / scanning for short plays...but until the mkts give us the green light to do so...all we can do is wait and be ready to react quickly. This week is been a holding pattern of sorts...i've been soh last few days. "we will sell no wine, before its time"
3 reasons to go short: 1) Fundamentals 2) short term reversion to the mean 3) nearly everyone thinks we are going up
The answer is a thread titled, "Is there a justification for being short?" You can see it in the eyes of the bobbleheads on CNBC; I think Sue Claman is going to "achieve" while quoting the Dow. Tyler's forehead is getting larger, so you know we're near a short-term washout.
Market is in John Battipaglia mood. Certain stocks are shorts at some levels, but the whole market is stillin very bullish mood. Some emerging markets 52 wk high everyday...
another reason although i would never short bases on this one. Investors Intelligence Bull/Bear BULLS: 55.29% BEARS: 22.6% eom windowdressing is doing its majic today.