Caught short into the close today?

Nah. Not you.

 

Tons of people caught short in the Euro Stoxx and Dax.

 

Actually we bounced off a channel line I drew 3 days ago.

I think they use the same work

 

That channel line is also known as a 200 day MA, and yes a lot of people use it.

Assuming you mean the S&P 500

 

No, afraid that not what Im talking about at all.

 

One can also say we bounced off the over night globex lows on the Spoo's. Blah blah blah. There are many reasons and explanations for the bounce.