I like the bounce of the /ES off 832.50 – – very clean! With Obama feel-goodness coming up on Tuesday, and some rapid-fire, very high profile "help" he surely will offer the moment he sets foot in the White House, it's important to be prepared for the possibility of a rally. The drop over the past six days has been marvelously profitable (although I would have preferred super-duper marvelously, but that's my own dang fault). I've doubled my position in DIG and am entering a new position in DXO (purchase price: 2.85, stop price 2.42)

I remain at corporate headquarters and thus may be pretty silent much of the day.

There is probably nothing more boring than hearing about a trader talk about "the one that got away," so I really try to avoid such things. I will express dismay at closing out my /ES so early. My short was beautifully timed, at about 873 yesterday. But I got out at 860 (in one account) and 850 (in another). We plunged hard, and now I am long 20 ES at 834 with a stop at 832.

My DIG hasn't been stopped out yet, although it's taking it on the chin. I am actually adding to this position, since I still think any bounce is going to take energy up with it big-time.

Another sensational day on the market. I'm really down on myself, though, because I have a mountain of "undeployed" cash on the sidelines (about 30% of my entire portfolio), plus I eagerly took my /ES profits at 860 and 850, only to see the market continue to fall.

The main reason is that I'm so behind on charts. I haven't looked at my entire block of charts in days (which for me is like going without oxygen), so I imagine I am really blowing this move by not fully participating.

Thus ends my therapy session. Time to look at charts. I'm a mess…….

I've decided this should be Bernie Madoff's theme song; something to enjoy listening to while you look at charts this morning. Is there any danger? No, no. Not really. Just mean old me.

OK, it is very rare one gets to say this as a trader, but: this is a little too easy.

Lately I've been shorting the /ES in the low 870s with a stop above 880 and covering at 860.

The first time, it was a nice profit. The second time, it was cool to nail a similar trade again (while sleeping, no less). And the third time, just now, was a repeat of yesterday. That is: (1) short (2) sleep (3) cover.

"Easy" doesn't last, so given 860's importance, and given my worrywart nature, I figure at some point soon either (a) 860 will get broken hard, leaving me kicking myself for having covered the position; or (b) the market will explode higher, making me wish I had not only covered, but reversed.

But in a market like this, I just can't bring myself to be a bull in a major way; only with a variety of small equity positions.