Too many shots. The masses are almost always wrong. When you see this board over-run by bearish sentiment, like yesterday and the day before, it is time to buy.
Beats me...but it gave me an opportunity to sell some long positions. I'm raising cash to above the 70% level. I suspect much of the same tomorrow early, then much lower into the close......IMHO.
MyHunch, the simple fact is that all of the indices were quite oversold in the longer intra-day time periods, plus OPEX is next week and we were well below it. So we rally.