I was right about the first wave up in February. While this market rally has been so strong it has turned even most bears into bulls, or capitulated them, there were always undercurrents of a low lying and deceptive bear market hiding in the shadows. Today, it might have come out to play.
One day is not enough data to claim anything, but if I don't throw out a warning, everything could be lost in three
days. This is the power of the bear and Phoenix combined.