Bloomberg-TV interviewed Bob Prechter after the market close on Tuesday and asked him just how bullish Tuesday's 900 point rally could be? His answer is contained in this chart:
Essentially, the dynamic nature of today's rally is consistent with every other spike rally in this Bear market. Each has led to an excellent place to sell your stocks and go short the major indexes.
The text accompanying this chart explains in relevant detail why buying on bullish news is a suckers bet:
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