I am not getting my hopes up though.
It's nice to see the TNA and IWM falling like a "CANNONBALL" though.
Sentiment: Strong Buy
As it happens, take things easy.
I prefer slow sell off than a crash. We need long suckers at this time. The volatility of the market indicates we are setting up for going down soon. May be 1500 to 1400 will happen in a couple of days.
That was quite a sucker's rally this morning,1500 to 1400 on the S&P in two days would be very painful for the market bulls.
Just go short on any rally. You will end up making good money in the next couple of months. Let your short ride. But keep a trading position on both sides.