It looks to me like we're at the April 15 stage. It needs to stabilize before the next leg up IF (big if) the charts are reliable. The MM's can manipulate a 50% drop with even a hint of bad news like the Corker bill (that doesn't have a chance). It's going to get tougher for them to do that as those bad news items get shot down. I still think we'll see tighter trading for at least a couple of weeks until the buzz kicks in about earnings and hopefully confirmation that Corker gets tossed in the waste basket or a more favorable bill gets introduced, etc.
Either way, I agree that the longs may have the best strategy. I've been trying to pick up shares by flipping and have done well but not great.
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