I’ve been short HOG for a while, and it’s good to see the chart beginning to break down in a truly broad fashion. Given its slide recently, sure, it might find strength now and then, but the big picture is truly bearish.
Many months ago, a Sloper (who seemed quite knowledgeable on the subject) said that Harley-Davidson was going to be facing worsening conditions and that it should be shorted. I didn’t leap on that idea nearly fast enough, but I’ve been short HOG for a while, and it’s good to see the chart beginning to break down in a truly broad fashion. Given its slide recently, sure, it might find strength now and then, but the big picture is truly bearish.
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