The shorting I was talking about in the earlier post was for swing trading or even long term trading - that is extremely difficult unless you get something like CMGI at 160 for example and manage to short it in Jan 2000. Then you start believing that you are a genius when actually all you are is incredibly lucky.
But for day trading - pick a hundred stocks, any hundred stocks, put them on a set of 15 minute charts and look for one thing - reverse crossovers - here are three examples -
Note from the examples that you can sometimes catch a stock in a slide (KNOT), sometimes carrying one overnight yields even greater dividends (JBL) but most often it's a one day fling sell and cover.
A couple of rules - pick stocks with a large float so that you can be sure to get the shares you need for shorting. Don't be greedy. Pick targets and when you make targets exit. Watch for pauses - before a stock changes direction it stops - when it stops going down set a close stop in case it decides to reverse direction. See how BSX began behaving around 12 P.M. for an example. Also - on BSX - those two candles pulling back to the 4 EMA at 10:45 are the shortists version of Return to 4. Don't let that scare you.
Other than that you're on your own - good luck - and, this is not an invitation to speculate on the dark side - if you lose your butt you didn't learn it here.