Lovely morning short side! SEMIS, BANKS, BUILDERS! Gaps 'n craps as SMH DIA and all are shorts moving well. Locked into semis yesterday, called short. We had the "anticipatory upswing" We did not sell CSCO, DELL during the day once but only after the entire 3-4 day bear flag anticipatory upswing was over. TARGETS to upside hit, now targets to downside will be hit. If you don't lock in or hold through earnings without a hedge, you're asking for financial disaster.