I agree, going long doesn't seem that smart, but as a trader, I'm trying to game the little nuances of the market while we are definately in a strong downtrend. When the market goes down, I buy, when it goes lower, I buy more. I think shorting at such an oversold level is wrong (unless you think that we pierce the lows of april without even one bounce, I think we bounce about 40% of last week's drop first). The time to short is honestly when we go up. Shorting down here just feels like chasing. I ended up getting good opportunities to get out of all my overnights either flat of for nice gains, but it does feel as if lately it's better to just do nothing. It has been really tough for this long only type of guy.