I prefer the graphic kind of V bottom on your post, but not sure if we are or not getting a v bottom in market.
Pulled my order to short qqq at 190, if we rally past 2600 on spx, a big if, then 2700 should be easily obtained.
Bottom line: The fiscal and monetary stimulus is so enormous, it could help power the markets back to the 200dma. At some point, the reality of terrible earnings will come to bear on prices, but that is not until the end of April.
Not willing to go long or short at this point. Of course, gold keeps going up, but at least I sold cost at 295 monday at the open. BTW, looks more like rotation out of conservative stocks into more risky ones. OIl still a key to recovery, but banks acting like worst is over.
