kewp-
I believe in slowly taking profits if your prognostication proves correct. Holding a bear position while trying to hit a home run seems suicidal to me.
The entry point is hard, I know of no magic formula on that one. Jumping on the band wagon once the down trend is obvious is awfully dangerous.
As for CFC or IMB, I can’t imagine shorting those companies between now and the Fed meeting. Then again, what if the Fed holds? Both companies could fall precipitously in that scenario. Are you willing to bet that this time, Bernanke will go against Wall Street, after he absolutely torched the bears in August and September?