Tim Knight may be a perma-bear, but he has been spot on with his calls (puts?):
http://www.slopeofhope.com/
Trader-Talk says tomorrow (Wed) will Gap up - then dump based on a huge amount of Puts being bought by retail. Hmmm.........
My thoughts are we will test the lows and bottoms are a process, not an event (quote via Brian Shannon) - No reason to think long here, at least for the short term.
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