With the ETF's (SKF/UYG/QID/QLD/DXD/DDM....) You don't have to short, you just have to buy them but know which one is long and which is short. I don't want to give you advice based on how I do it because i'm able to buy MANY lots, but SKF has pulled back pretty hard from this AM so i'd be leaning there.
Cool thanks Joe... I'm not going to buy yet... just wanted to figure out what you guys were doing and I'm going to watch them for a while... I sold off a bunch of stuff yesterday and I'm glad I did because things kept tanking. I saved a bit of money so now I have some scratch to play with should the opportunity arise. I may buy back those shares I sold should the market stabilize.
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