Ok I short at $245. Wish me luck.

Do you have an exit strategy? Never open a trade without one.
At what level of loss will you accept your original decision was wrong and get out?
No exit strategy. I'm really brave.
Plan on taking profit around $230.
Brave people die young and poor

(seriously, get an exit strategy right now)
Could be still some months or even a year ahead of us until we see the top of the next bubble. But I agree that people have to learn to take their gains. If you never realize your gains, you never actually made them!