Not that I am bullish on stocks but the guy who wrote this article is a permabear, so I'd take his opinion with a pinch of salt.
Maybe I'm not comprehending your post, but from my perspective, those who did have physical stops in the market (on 8/24) got completely screwed. Even though those prices still stand on the many etf's, very few retail traders could get in at those prices...
Lockhart had some tales to tell on msm today Then Yellen speaks tommorrow..so the bullshot meter will rise greatly and will need boots to wade through the sh*t
what a boring day, even my VIX ETFS were down on this down day.....market had lost all direction mid day, I even had no clue where to go, was going to place a trade on DWTI under $100 but walked away for a little bit only to see it up 10% in less than a couple of hours, sold off the rest of my ERY for a tiny profit, tomorrow it will probably surge 5%, who knows. All I know is today was BORING!
What would be totally sick is an epic short squeeze back up to 2030 to shake out all the pile on shorts and incite euphoria amongst the "this time is different" bulls. Europe wanted no part of that China PMI hadouken last night and Japan will be back open again after 2 days holiday as well. Heck even Niederhoffer called the local bottom (no doubt using TA of course):
I am sticking to my outlook, more downside prior to any new highs, CAT is looking like crap, possible breakdown tomorrow.