Sara, regarding Bonds and Bond Yields, I'm still watching them, long term Bond yields are still in a downtrend, I'm watching them and I still think a bounce is coming, but there has been no trigger, they have to show a reversal.  

For example, here's a 60 min chart of TBT, there is still positive divergence in place and the 60 period stochastics has been below 20% for a while, but nothing has changed yet, just keeping an eye on it.  Just because TBT went lower last week and this week doesn't negate this trade idea.  

As far as your market question, I really don't know what you are asking.  Steve's response was adequate.  You have to define yourself and your time frame.  I have shorts on the watchlist for the market indexes such as SPY that has been on there since early Aug and triggered on Aug 11th with a wide stop.  There are also shorter time frame index shorts as well.  Also the watchlist has individual stock short ideas as well as a few longs like RDWR.   For SPY short, the trigger was the gap down on Aug 11th below the trendline from the rising wedge pattern, that was the trigger. Depending on you time frame you may or may not have done this trade.  Day traders could have shorted that day and been out, swing traders might have covered as well, whereas someone who thinks that the market may have put in a significant top may decide to just keep the trade with a really wide stop willing to give it room.

You need to define what you are trying to do, are you trying to manage a 401K or are you trying to do swing trades, or are you trying to do shorter term day trades etc.  

BPT is a research site, we provide tools, analysis, systems, but it's up to you to decide what to filter out and what to focus on.   Find what suits you best and ignore the rest, it might mean that you end up ignoring 90% of the website content, that's fine.  The site is build for day traders, swing traders, hybrid traders, and longer term traders.  

sara - speaking for myself I pointed out the swing entry on the short quite awhile ago when the rising wedge broke down.  Each trader is different in regards to triggers depending upon the time frame and plan they feel comfortable with trading. I have clearly stated that the SPX needed to take back 1100 to change the trend prior to today.  You need to decide which time frame your trading and not rely upon what others are doing since their styles may not be in accordance with yours.