RE: Anyone else Trading hereThe trend has changed on May 3rd, nimble traders most likely did see it no later than May 4th...slower ones maybe another day or two more, while the stubborn one which still has "there is only one direction for Crude and that is up" in their mind will try to pick a few cents off the bounce but missed the big gains on shorting the bounce instead. no offense.
If anyone did his DD well, they should know there is no recovery and nobody is going to buy S&P above 1200 afterall you need 2012 earnings to justify 1200 and Crude has no biz above 80...70 maybe the fair value but given the sentiments out there...they may want to take it under 60 for a spin.