The XJO seems to be struggling to break through the 4000 level. It has flirted a few times with breaking through properly, but I think even the most bullish investors know that the stock market can't go up 20% a month every month and I'm sure everyone is familiar with bear market rallies. This is a bear market rally and if you are playing this market it makes a lot of sense to play it from the short side.
I am a long term commodity bull (soft and hard) because there are more and more people needing/wanting more and more things, but that's a 10 year play and I need a 10 day play, hence the short MQG.AX
you know it makes sense.