staying on the sidelines till about 3:45pm, market will find a direction by then, dont want to go long only to see the dow sell off hard into the close.
as I have been saying this morning and yesterday, the put call ratios are way way too high and when those puts are closed, the markets will shoot up very fast and furious aka bear or short squeeze. These can be brutal so better to watch out for them than be caught in the middle http://lauristonletter.blogspot.com/
Added a little bit on the dip today. Looking sweet so far! Now all we need is some good earnings and Bronco Bernie to spice things up...
They may cover their shorts, but then, there won't be any buyers with an ounce of conviction left as this market rides into next week. All rallies will be sold. Lower we shall go.