Finally, looks like being a short may be a contrarian position ( but not on this board!)
Will know in a few days whether it is a "disaster move" or I can call myself a " well positioned bear"
Whatever happened over last few days is painful to be a short but I believe that we will have a sizable trend change soon.
Did you see Louise Yamada's (sp?) forecast for S&P 1985 ? We will probably get there in a few days. SPX above daily RSI 70. These are when the big moves happen. Don't think the markets will turn south until RUT touches daily RSI 70.
It's crazy to be over 50% short. The world's central banks are all fixing the markets against you. These banks can't save the poor. They can't save the economies. But they can certainly help the top 1/100th of the 1%. There's trickle down to the top 20%. The bottom 80% suffers, but not the markets.
Since you started this position awhile ago and doubled it today, its safe to say you messed up. Try to be humble and salvage what you can on the next downswing. This is not a time to be picking tops. GL.