BullBear52x wrote:bear trap in the work, I am bearish as hell, but have to trade what I see.

I have to agree.
Extremely dangerous times. This thing can explode either way in a matter of minutes. Very sensitive to news.
I think it is dangerous to stay short over the weekend. Some hint about QE3 or whatever could gap us +1% on monday.
Ppl think market follows the economy, but it anticipates. A recession is already priced around 1000-1150 points. Only a 2008 doomsday scenario would dump us below 1000, given that non-banking earnings are strong.
MOney from here is on the long side, IMO, but roller coaster will continue as long as european noise level is high;
