People usually fall for a mid-day dead cat bouncethey think: phew, the bottom is in. and they buy. an hour later it crashes another 8-10%dont say you were not told so. you got your fair warning, now if you lose some more, you know whom to blame
and u know who to blame if u dont cover as well. The weak longs have been flushed out strong longs are exhausted and re-adjusting there holdings.