Got there AH, I still think or better yet FEEL like this rally will be exposed on the downside when everyone wakes up to EVERYTHING being underwater. They will trap the majority of the longs and wont let them off the matt.
WHY, you ask. Come on, say WHY
Ok, will tell ya, cuz there is way more money to be made on a quick downside, either thru swing short trades and buying back mucho cheap. The market can deal with swift karate chops to the throat and then bounce back. You know, the punch to the gut and there goes all your wind and you SWEAR your gonna die, never again to take another breath.
Then, things settle down and blam a lam, your breathing again.
BUT, if we get the long slow down 5 up 2 sorta selling, then thats the old chinese water torture and thats BAD, are there any chinese here that can verify <g>. J/K
Anyway, the sudden hits and bounce backs will, I think, get everyones attention and just put a little fear into the market. If this does sell off slowly and then pick up the pace, you will have MUCHO buy the dip longs WAY underwater and that will be quite ugly. Of course, all this is just a B O G.
M