Well, after the close yesterday afternoon, you'd have think I sprouted horns on my head. But as I go through charts, although I still believe the year's bottom is in, I'm getting more and more cautious. I've taken the largest profits off the table, and I've accumulated a very substantial SDS position and a modest short position on the ES futures. I've also bought SDP and shorted DIG.
I know I'm repeating myself a bit here, but I just want to be clear I am very prepared for a major softening this afternoon, should one happen.
