Hi Woteva,
Yes I am also short Dow as of Friday - and agree with the deflation play from here on in for a while yet.
Despite QE it is nowhere near enough to offset the debt deleveraging that is occurring in many economies.
The book The Great Crash Ahead by Harry S Dent explains this very succinctly.
http://www.amazon.co.uk/The-Great-Crash-Ahead-Strategies/dp/1451641559/ref=sr_1_1?ie=UTF8&qid=1366039792&sr=8-1&keywords=the+great+crash+ahead