Quote from fseitun:
That's exactly what I was thinking today before the open. We had lopsided bearish sentiment and I said to myself: doesn't 720s look like a free ride here? It was so OBVIOUS!
Especially in light of the recent Oct-Nov volatility, during which lots of traders got spoiled by jumping in on falling markets and racking in 10-15pts like peanuts.
There are no more free rides in this market, look at VIX sitting below 50.
This is a slow grind so far.
If we put up a decent volatile rally, then bears may come out of the closet again.