Death Crosses and Probabilities

I read a very interesting article tonight by Simon Melerhofer about technical probabilities. He discussed the number of "Death Crosses" the market has experienced has been in the dozens the past few weeks. A "Death Cross" is when a shorter SMA crosses a longer SMA on the downside. Over the past 10-years, the probability of a major decline when these have occurred has been 75%-100%! If you combined that with "The Hindenburg Omen" that occurred last week, you have a very scary situation for the longs. Although anything can happen in today's market, we cannot bet against those odds. We got a great price on our 3X short the financials (FAZ) of 14.69 or 1 penny from the low. In poker, when you have those odds-you go all in. Let's see how it plays out.