sorry my posts have been light today.  i’m still in the early stages of the flu and today hasn’t been a good day so far.  regarding the bounce in the markets following the gap down to re-test yesterday’s lows on the IWM and QQQ (SPY made a new low), the bounce is more a of minor annoyance to me at this point (being fully short) than a concern.  the near-term and likely now the intermediate term remains lower and as giddy as the ‘buy-the-dip” crowd is right now because the markets seem to be defending the critical support areas, i still think that we are going to be down and down big in the very near future (this week and/or next).  i remain flexible on my views, always seeking technical evidence that would prove me wrong and like always, i can and will change my bias at any time.  with that being said, i remain fully short and will try my best to post anything compelling.  i also plan to take a look at my sector watch-list as soon as i’m feeling better to post some sector inverse etfs for those that aren’t comfortable shorting individual stock and would prefer the diversity and relative safety (emphasis on the word relative) of trading etf’s vs. individual stocks.