I will defer to you on matters technical. If a trader can make technical indicators work as an investment strategy, than good him/her. I would suggest that most traders were burned in the aftermath of 2000 and 2007, at least that was my observation. Investors on the other hand should be cognizant of the valuation of the asset to be purchased. Contrary to the headlines, earnings per share are down not up on several key Dow/S&P stocks as I have highlighted in previous posts. If you doubt my analysis you can pull the 8-Ks yourself. Furthermore, corporations continue to buy back their own stock in an attempt to cushion earnings announcements. So the growth in earnings is more fiction and can be added to the non-GAAP earnings fantasy highlighted by the financial media. Rational investors, your phrase, should be more concerned about actual revenues and expenses rather than some hokum spun to prop-up the inevitable decline of this market. I respect your right to a view but it is not supported by actual data or market history. By the way I am up 11.5% on my shorts thanks to biotech. That said, I will close my shorts if charts prove the willingsness of rational investors to do stupid things. Best of luck with your trading.