The market rallied strongly today - a little more strongly than I expected. We are back into the top of the range and there might well be a further attempt to move upwards. I am staying with my short positions as this is a calculated play and if it works it works, if it doesn't it doesn't. People make mistakes by holding a position for too long but they also make the mistake of getting out too soon so I try to hold to a game plan until the facts on ground change - which they have not.... the European rescue plan is a bunch of BS. Moves today by BofA to transfer their derivative trading accounts from the holding company to the deposit holding company supposedly at the FEDS insistance goes to show that our government still cares more about their friends on wall street than the public.