Here at around 30 Naz points from where I think the bottom of the phase I will come, being short is indeed not to wise, IMTO, that is why I suggested this morning that those that shorted the "safe shorts quintet" cover. There were no trophies, but there was no groaning like some groans we heard for the EXPE shorts in the last two weeks (g). None breached their stop, and all "paid". Note also that my cash position has crept to under 70% from around 80% some 200 Naz points above where we are, mostly due to additional core issues being taken back in...(g).
Zeev