HMMMMMMM...... This is tough.... and I have moved out of some stuff....

I think this is a bad call.

But.... I just think if the market is going to go lower... it could very well do it quickly...

You can look at this like it's some accumulation...... the slightly lower lows show that ... quantitatively.

but the shapes.... feel more like distribution to me... and some short covering..... so I'm staying it some positions... see if I can turn some winners into losers.

The smart thing would be to try and catch some stuff on the way down...

I actually feel like maybe what we have here is no real buying... just short covering.... and it will take some work to get through this 1320 level..... Maybe tomorrow..... it's an important level

I am just suspect of any real buying here...

I could be so damn wrong here... and for much of my money I'm out... but no way in hell have I gone long. If we can leg down one more time.... I'll start thinking about it.