Biggie,
I am somewhat glad I got out of most of my short positions and VXX play for now but am getting ready to reenter. I am just curious of your top three market correction plays. I don't like the heavily deteriorated VXX etf any longer and think shorting SPY will only yield minimal gains compared to other potential short plays or 2X or 3X bear etfs. I thought of entering into some put positions on the casino plays I shorted recently like MGM and LVS, as well as a few other recent runners that should have an impossible time sustaining earnings. The market rollover is indeed coming...you can almost sense the hesitation of new money entering and when the big boys start to unload their positions to hold profits the rest will be running for the exits. I think far more than a 10% correction is in the near future. I lost so much on this bet over the last ten months that I will need a big down turn if I reenter into my bear positions so a multiple bear play in the right industry may get me back to even. So many bull etf's are at their inception highs that this thing has got to roll over. Have you ever traded off the radar etfs like RSW, DXSSX, RMS, MWN, mid cap bear etfs. Any thoughts?? F4T
