Zorrilla: It's Too Late To Short

It's simply too late to short. With the S&P 500 INX down 11%, NASDAQ Composite IXIC -13%, Russell 2000 RUT -15%, since their 12/30/2015 high, it is simply too late. If you believe that this will be 2008 all over again, chances are high that you might get an opportunity to short at better prices. As you can see in the chart below, 2008 started with a 14% decline that was followed by a 10% dead cat bounce that led to some sideways action.

The largest rallies have happened in bear/corrective markets that are below the 200-day moving average as you can see below:

Be patient, you will get your chance.

Frank Zorrilla, Registered Advisor In New York

If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463.

It's too late to short was originally posted on Frank Zorrilla, The Truth