I am currently in a market neutral posture but will be looking to start buying into further weakness. If the market continues on its downward trajectory it will be oversold by early next week. If it continues lower through late March it will be oversold on an intermediate term basis and I would guess that sentiment would once again become more negative.
I am hoping to be be able be able to completely remove my hedges by late March. The market will have finally corrected and we would be headed into the seasonally strongest month of the year. After April I believe the market will need to start dealing with the many issues facing it and believe the Summer will be a rough ride.