Bloodbath!

The market has rewarded short positions and is likely to continue to do so in the days ahead. And while individual stock charts may be attractive (to short) in their own right, they should also be viewed in the context of the overall market. We are at very oversold conditions. We may go lower, in fact with the new wrinkle provided by Paulson et al, we will likely probe new lows. The market loaths uncertainty and the turn about has raised more questions than it answers. Longterm the market will likely go MUCH lower. However, risk based trading demands favorable odds. Shorts (and longs) should be kept with tight stops and positions scrutinized before the end of each trading day.