It's really hard to time the bottom(or top). And when you are short (or in FAZ) it's even harder because if you miss the bottom it tends to run hard and fast and you miss out. Market correction always tend to move very fast. So close to the bottom has to be good enough.
You only lose when you sell. I see alot of positive signs for $BKX (MACD, STOCHs, trend, et al.), and it is freaking me out, but I also see alot of overbought signs for FAS. We are either on the edge of a cliff or cloud, and I can't tell which. Keeping my Long FAZ for insurance, and going with FAS next time it dips. Market either shoots up or down - why not do both?