Quick update on my S&P500 short position

Given today's activity I would have to say that I would have been in the high volume of short coverings...or bear fund dumpers. I am not sure where my stop would have really been but I expect that, after the first 30 minutes of trading, I would have closed all SDS, SH or short positions in SPY or SSO for a loss.

I have been following another trader's short position and noted that he often closes the position based on the type of day we might have only to re-enter at a better price near the end of the day. This is almost day trading but it falls under intraday management of a longer term trade. some interesting ideas.

I'll check later this week to see if this is setting up for a good long position in a SPX related ETF.

Jeff.