Closing Shorts

I closed my short positions—the lows held despite a good effort from the bears, and tomorrow's FOMC announcement is potentially game-changing. For risk management purposes I'm out. I suggest call and put options if you're looking to play the Fed announcement and can't be there for it. There are arguments to be made either way for a sharp move up or down (or both) right after the FOMC statement, and using sell-stops has too high a likelihood of getting one whipsawed.