What a wicked day for the bulls. Mind you I am not a bull. I think the we are all screwed long term because of the games the FED continues to play. But since 2008/2009 QE and ZIRP make it tough to be a bear. Every dip gets bought and while the pull backs have been sharp the rallies have been slow and frustrating.
We bears endured an awful rally from just before Christmas to the middle of last week. Stocks seemed impervious to downside. The FED and every Central bank stood at the ready to prop up any sign of weakness. The bears have been trained to get out of all put positions before the BTFD team comes and ramps the markets.... read on....................................
https://www.optionmillionaires.com/forums/our-watchlists/4-11-12-game-plan/#p251