Guys:

A few people have expressed opinions that shorting the market here might be a good idea.  There are two charts I give weight to when considering such action and neither chart is of my making.  The first chart was composed by some forgotten stockcharts guru which I have found to be pretty accurate.  I believe this forgotten person called it the “perfect indicator”.  Bottom line, don’t think about shorting this market until the NASI turns down towards the moving average.

A second chart I would consult might be David Larew’s Vix model.  Don’t sell or sell short until the Vix model is showing green in the window.