Just one giant headfake before the run

What doesn't smell right is that volume on the futures markets is next to nothing compared to the recent trading we've had

 

in the past 2 weeks they have

but not for the past 5 years.

nevertheless as usual we'll see the markets rebound and a massive wave of short covering.

 

still 1 hr and 33 mins, however the bulls will take this win today.

 

better hope the market doesnt go into a bear market because the bears could easily win 3 or 4 years in a row. The bulls took home many winnings over the past 4-5 years, could be the bears turn soon.

 

Also, one day doesnt make a difference. I was about to go long some stocks, but decided why do it now, just yesterday they were 4-5% cheaper. Will wait till the dow drops below 12k before I make any decision on going long.

 

Or, at the very least, before the jobs data on Friday. Patience will be rewarded.

 

jobs data is going to be a huge market mover, anything below 70k and forget it, 12000 and under the dow goes. Anything in line should keep the market up.

 

Based on what? Take a look at a longer term chart. The permashorts do even more rationalizing than the permabulls...