My Internet connection is miserably slow, so I think I'll go through charts early in the morning before the open. It was a great day for oil and gold shorts – – – those have been doing fantastically – – but I remain extremely cautious about a strong bounce. The IWM seems to have been badly wrung out, and although I've been wrong on this before – – witness today's 150 point drop (approximately) on the Dow – – I still am devoid of index positions and am playing it defensively.
