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[viccarter]

In my view there is absolutely no reason to cover here if you have on manageable size. Round tops like on the daily RUT are the single most dangerous patterns to go out there and try to buy. You can use whatever phrase you like to describe them "falling knife or washdowns or reverse type J-hooks" Whatever you call them, they are bad news if you guess them wrong. The thing is, they are never really hi-probability to wash, and in 2013 we have been conditioned to believe that they won't. If you were swing short even in good spots in 2013, you had to take those good one day dips or end up frustrated and smoked. Look I have taken my share of 5 and 6 handle swing shorts in 2013 in-&-out. I am not going to talk breadth here, others have said most all of what it is to say. What is interesting here is that I was not really stalking this short hard, one or two weeks out like I have in the past. I was actually a little unsure off the daily as I posted around the 1st. Of course I wasn't looking long tho, just flat. I was looking for a little TRIN or something to give me a heads up. Then we get some sells off the 60 min and it gains traction. Truth be told, I have a lot less size than I wanted to have short, but it plays out that way sometimes. I am not covering the swing no reason to, I'll let the rest of you fight over pis*chunks (what we call a small, low quality watermelon) I want the big one.