Watching Kohls (KSS)

Reading Friday’s post at www.optionaddict.net , Jeff Kohler said that he was looking at going short on several stocks. One of those was Kohls Corp (KSS).

Sticking to my current strategy of using 3 green or 3 red arrow, I looked at KSS.
It has 2 red arrows and looks poised for the 3rd red on the MACD.
Earnings is 2/28/08 so not a factor in selling a Feb spread.

I will check this Monday night to see if the 3rd red arrows developed.

Other stocks on his list of possible shorts had 2 green arrows or the one green arrow did not look poised to turn red (at least not to me). So they did not fit my criteria.