Market jitters

I don't like the look of this market at all.  I think we may be headed for a pretty significant pullback.  I have been raising cash lately.  I am about 70%+ in cash already but will probably end up going 100% to cash real soon.  There may be some hope in the near term (daily charts) but the weekly and monthly charts are starting to look like a bunch of head and shoulder patterns are forming in a lot of leaders.  We are starting to see the initial breakdown in some of the former leaders and the stochastics are starting to turn downwards.  Better be safe and conserve capital to fight another day.  There could be some downside opportunities coming up.  Nothing has made me any money on the long side of the trade in over 6 weeks.  Maybe the short side is the way to go.   Be careful and watch the market carefully if you continue to be long.