are u wired to FAZ now? Man u have missed one heck of a penny mkt. these past few months. Sorry to hear u have gone to the completely bearish side with the worst ETF around, u have missed the boat.
I agree with you in the short term, take a look at the DOW chart. Mini head and shoulders pattern that just broke down today. That gives this about a 500 point target down to 7500. However from that point would create a larger weekly pattern inverted head and shoulders. Not saying that weekly pattern will form out because anything can happen, but it is a plausible scenario. I would be "cautiously" bearish.