The past couple of days rally feels like a familiar pattern to me. I find it very odd that Thursday's recovery from near limit down futures and Friday's continuation wasn't in part a show of strength by the Plunge Protection Team and all the algos just fell right in line with it. Further the timing of the rally with weekly options expiring Friday and the amount of Put options held seems curious. I got lucky after buying a bunch of speculative bargains on Wednesday and selling a lot of them into strength on Thursday, and trying inverses on Friday and getting torn up. Came out virtually flat for the week which I consider a win, I guess. I still have a lot of cash on sidelines and feel that the market will continue to correct next week as nothing has really changed. What does everyone think?
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