The VIX (surprisingly enough) jumped up nicely today in early trading.
Was this due to repositioning of the fund or true fear, I do not know. But when I see things like this, and the fact that the SP500 is still holding its high 800 support, it suggests the market may actually hold here.
I eased up on my shorts, and purchased some FCX on weakness today. Also, got into F again (as it is now consolidated).