Stock Market Melt-Down?, page-5

The U.S. largest stock averages - the S&P, Nasdaq, NYSE and Russell 2000 - all topped at the end of August. But these tops were not confirmed by the DJIA which topped back in late January. As long as this non-confirmation persists so too do the growing odds that the top is in.

Given the extreme degree of market complacency coupled with anemic volume, momentum and breadth I'm not only short stocks but also long the Vix and silver (which seems to have bottomed last week on extreme negative sentiment and short positions).