Although the Dow was up 30 points and made a reversal day, the market still looks very weak, overbought and poised for a big drop. How it held up today, I don't know--excepting some "fundamental" news that propped up the bulls hopes.

Our hypothetical position, short from yesterday's low, 10728 is now (-76 points). I expect this to be a great trade and it should be profitable tomorrow or Wednesday.