Just in Case

Late in the session the traders and managers implemented the 'just in case the market sucks Monday' strategy. The bears kept on hitting it without enduring hardly any pain. If you believe that it is not how they start, but how they finish, then start packing. Next week, a serious battle for a market bottom will take place with the bears looking to ride the liquidation train to a level that even they would buy. Of course they will be looking to sell any meaningful rallies. Models had a lot of rotation today even with the late sell off. Next week will bring what traders live for, volatility and opportunities to make money moving both ways.