sorry I coudn't post these earlier. I am 100% short here (thats as high as I go).  Current positions are sds, dxd, qid, srs, skf, rimm short, dow futures short and 10 year bond longs (expecting lower yield).  We could easily make another bounce higher here and now before we break spx 810-812 area as things have happened rather quickly, but I do not mind these positions going against me for a little while.  the trend is clearly down and I see no reason to be long. also I have lots of profits from shorting at the top on fed day so I can afford to let things go against me.   Just keep an eye on these charts and watch dow 8000 and spx 830-840.  we would have to move above 850 on the sp for me to get concerned at all.