2:00 update pattern failures for BOTH the S&P futures AND the nasdaq futures confirming our downside intraday on the stocks we shorted or picked up puts or both. Look at what is now and not what was 4 weeks ago. We had plenty of indication when so many earnings plays moved great to the downside and the puts exploded to upside. From IBM, through to ERTS culminating with MSFT AMZN MERQ, KLAC (that was a beauty) etc. We got moves down 3 to 4 after earnings. So don't be living in what WAS. It's easy to make money when the market is up 140 but where are you when its not? What are you trading? What are your set ups?