I believe many shorted towards the end of closing yesterday because they expect the Dow to close very red last night, however I was cautious not to take any positions because I saw a very attractive buying level which could contribute a rebound which might erode any profits I might have if I shorted. So today, watch your shorts position. Expect of a swarm of short coverings.
Update 5.44PM, May 15, 2012
Market rebounded accordingly to my prediction. I was not in any position as I took a break in trading and wasn't watching the market.
Ronald K - Market Psychologist - The Big Speculator
