S&P currently sits at 1330
with further breakdown of euro today, gold looking like it's hanging on by a thread and crude acting pretty poorly even though its gotten hammered to me...and I think the downside is set to resume after this 12 day chop....removing hedges here @ 1330 and going back to FULLY SHORT...could the market rally further? ....sure! but I'm not betting on it and when this unravels it will do so in a hurry...we saw how fast we went from 1420 to 1295...I think that same move is about to commence from current 1330 to 1206-1248 range...I'll be looking to cover a bunch down there
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