Although everyone here trades what they see and not what they think, everyone's thoughts on ET are appreciated.
BC, Always keep in mind you're trading index futures not option volatility. Don't make assumptions that there is a cause and effect between share prices and vol. Yes the inverse correlation is quite high, but by no means absolute!
Pabst: you forgot the buy on weakness option. Way to go for a few days IMO. Well let's see if we monster gap down tomorrow after GDP. If not should be a buy.