It's Time to Short the US Equities

[SupraT78]

Everyone of you are correct.
1.Don't buck the trend..I'm with that.
2. Looking for short opportunity to come..
Can't agree more.

Have a plan of action since all of us are trading differently. Follow your plan.

 

[ByLoSellHi]

Quote from ByLoSellHi:

The best short opportunity since July of 2007 is quickly approaching.

August 23, 2009 BLSH

 

[bwolinsky]

Quote from ByLoSellHi:
The best short opportunity since July of 2007 is quickly approaching.

August 23, 2009 BLSH

I say August 25th myself, but my idea of overvalued markets does not involve tens of percent of downside. As I see it, the market fluctuates between overbought and oversold levels that last for only a few days. The idea of selling an absolute multi-year high is unlikely, as well as frought with tons of volatility in the iterim even if you are right about the top.

Tops are more temporary than they are permanent, just as dips are. The market is nearly always fairly valued, and if your systems or whatever analysis you have doesn't work that way, you have an immediate problem.

I see talking heads on TV constantly talking about overbought levels when all they're looking at is month long charts with indicators with no predictive value. Summing the percentage of stocks above their 50 day moving average has not been shown to be profitable, and, yes I've backtested it.

 

[Ivanovich]

Quote from glennw:

All my indicators are bullish...
Everyone I talk to is bullish...
My shoeshine boy is bullish... (Joseph Kennedy comment circa 1929)
You can't hardly find a bear...

Now is the time to go short! I guess you can call me a contrarian.

I'm not saying stand in front of a speeding train. All I'm saying is start looking to find spots to short equities in the US market. There may be as much as 10% more upside, but after the glow starts wearing off, (already starting) Look out!

I'm not outright short yet, but I'm peeling out of my longs. I'm looking to find good short positions at this time.

This turned out to be a fantastic call, eh?

When are you folks going to stop trying to call a top? This market isn't stopping. It's chugging right on ahead - in fact, pace is accelerating!

 

[S2007S]

Thinking about going long here, hmmmmm

 

[Mach4-1]

I am new to this site and say hi to all. How can I tell if I should now go short. Do I read more posts on this site or do I look at charts and ta. What stocks should I short. How far might they go down before they go back up?

 

[Kassz007]

Quote from Mach4-1:

I am new to this site and say hi to all. How can I tell if I should now go short. Do I read more posts on this site or do I look at charts and ta. What stocks should I short. How far might they go down before they go back up?

Welcome to ET Mach. Unfortunately there are no definitive answers to your questions. If there were, we'd all be rich as hell.

 

[hajimow]

Quote from Mach4-1:

I am new to this site and say hi to all. How can I tell if I should now go short. Do I read more posts on this site or do I look at charts and ta. What stocks should I short. How far might they go down before they go back up?

Short big safe tech stocks as tech is exhuasted now. Short CSCO, EBAY, TXN.
Also short PALM.

 

[DHOHHI]

Quote from hajimow:

Short big safe tech stocks as tech is exhuasted now. Short CSCO, EBAY, TXN.
Also short PALM.

Or go long SDS - Ultrashort S&P that corresponds to twice the invesrse of the daily S&P 500.

 

[Mach4-1]

Quote from hajimow:

Short big safe tech stocks as tech is exhuasted now. Short CSCO, EBAY, TXN.
Also short PALM.

Thank you. I will look at these tomorrow and ask some questions.