Look to short

Sell into strength would be my mantra from now on. The rolling over process is beginning - could we make new highs? Possibly but much higher? - NO. Possibly much lower? - YES. That in plain and simple English means risk is to the downside.

Bear markets end and only end when the general populace experience revulsion towards shares. We are still a long way off from this measure of sentiment - look for unconstrained fear and negativity towards stocks to mark the end of the Bear.

NPN (Naspers) was mentioned in a previous post as being stretched and has come off nicely. Expect a short term bounce back to retrace this initial drop then short the guy for the long drop back to its cluster of support in the 160 range

Good Trading