Monday morning in Australia? what will the stock market do?

At the moment, I have longed positions due to trying to picking the bottom of the market. No doubt, I kept in mind of not over-leveraging since I know how serious the situation can be. 

Initially, on Friday i predicted that all markets would go up on Monday. But after hearing the downgrades on US on saturday, i am certain the market will go down. 

So my strategy now is to hedge all my positions as i feared the market will go down tremendously on monday. Depending on how fast the index goes down, i will increase my short positions to make additional profit. 

We'll see.