Quote from Eko_Trader:
Bias killed me today. It's the reason I didn't get in @ 48.50
Why would you be biased to down with futures down nearly 10 ?
All the scared money is thinking sell in this situation and the smart is thinking cover shorts and reverse for the gap fill.
The best time to sell/short is when buyers are out in full force.
Sell into strength
buy into weakness
just like THEY do