Just a quick post to get the day started – – as long as we stay below 1149, I think short opportunities should be favored. The key level is 1102; if we can break that, the wheels are going to come off (for a bit….), and I think a 7% drop in the market (and much more for some individual equities) will be quick and joyful. At that point, I think it's time to get serious about a bounce play again, probably for months.
