The time is here to tell whether or not the DJIA will hold at 11,782 or take off for higher levels.
I added to my short position - SDS - today and will add more if the market falls from here and will sell half if the stock market looks like it's going to close higher tomorrow. I'll also be looking to take a position in VXX if the fall looks to be at all violent.
The extreme bullish sentiment and possibility that we may close above 11,782 and then turn south will keep me from taking a long position.
The market knows....
--Fred
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