Value Microcaps Free-For-All

[ari5000]

very screwy market...


The Fed intervention is just extraordinary. Perusing the blogs -- I'm astonished how many traders abandoned their shorts -- after being squeezed out -- nobody ever seems to cover at the bottom. And are now entering long positions - even though they are obviously still bearish. It's amazing what a few days will do to turn people into trend-following sheep.

Clearly -- if everyone has now covered and gone long... this rally is finished. The only indicator that seems very suspicious at the end of today's all green day is the $VIX which should have been down but instead put in a green doji.

Something huge is going to happen soon and it's probably going to catch most people off guard. I'm looking for one of those up 200 point, close down 200 point days very soon -- maybe tomorrow.