Now think again, knowing it might drop, at 59k, 60k I also wouldn't short. The first and last bite of the fish — why not be greedy? Might catch it, but more likely get trapped. The downside is limited; it's best to layer in long positions. As I said before, I don't think this is necessarily the bottom, but without a black swan event, this wave can't fall much. Breaking 50k or 40k is just wishful thinking.