No, not right now. I have been thinking of when is the clear signal to go long. It certainly is not now, even though we may go higher from hear.
The clear signal is if the S&P goes down to the 680 level within the next few months, that is the signal to go long and not worry about it. I want to see the double bottom so many bear markets end with. I don't see this bear market ending with a single bottom and then a V recovery. Show me a W and I will be the bullest of the bulls. The tech bubble bottomed with a double bottom as did the bear market of the 80's. Who are we to say this one won't end with a double bottom?
Until then, I will play this market very tentatively short term. I want to ride the slide down for sure but until the VIX shows life and until the SPX's 20 day MA starts to move toward the 50 day MA, I will stay cautious. The signal to go more aggressively short is when the 20 and 50 day MA's start to converge. This may not happen until the 200 MA is touched or sniffed.