Rydex traders flip flop confirming bearish omens

Well, just like I suspected, Rydex traders reversed their top picking antics and bought "the dip" on Monday (I know,there wasn't really much of a dip). A correction is looking more likely now. The market may not fall appart right away but the message to me is clear - don't play the long side right now. For the first time in many months, I'm actually going to consider a multi-day bearish put play. I have a few stocks in mind....stay tuned.