ouch!

Intraday reversals are brutal. We got one today. I'm out of all positions, even tempted to get short... but managed to hold my fingers at the close.

It's not to say there had been no warning signs. Yesterday the market failed to hold the early morning gains. There seems to be a massive rising wedge in the making. Within the past few weeks, a few down days had great volume while market edged up on overall weak volume.

Today's afternoon selling makes a pretty convincing case that market is at the top. No news, just sellers. Not even a pullback in the midst of selling.