No, just be cautious, I still expect the Nassacre, though we maybe half way through it, maybe a little less. Remember that the greatest damage is often inflicted in the last week or two of the Nassacre (and of each phase), and since phase I may not have more than a week to two and half week (around March 16?) to go, a major counter move akin to the February or May counter moves last year is still possible. I don't have to be cautious, since if I am wrong, I only lose an opportunity to make some gains, those of our bears that are short and are caught in a strong counter move can get hurt.
Zeev
