To repeat – the most violent rallies are within the context of corrections. The action of the past week is why you often see traders constantly try to catch falling knives. This is "violent". The NYSE Oscillator which a week ago was at a rare -90 is approaching +50 intraday as I type this, so it's done a complete 180 flip in a week's time …. 4 sessions really. Just a reminder, fully HALF of the two month swoon will be retraced at S&P level 1409.
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund's holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog