Mixed Feelings

We aren't even close to being 'overbought' here due to the pain stocks have taken recently. It feels like everyone has turned bullish, I am not sure if this is a good or bad thing, but the market is moving up with force. I think a good medium term play (1-2 weeks) is to short DTO the ultra long oil fund. If oil moves up or even sideways then this thing will come back to earth. Its a shame I sold FAS so soon, but I did not think the bulls had it in them for all this action. Maybe XLF has really put in a bottom, close to my prediction.