that is what concerns me about being a bear. huge volume normally on lows means strong hands are buying from weak sellers.
But, i remember the same thing happened in 2008 as large buyers bought the autos and banks much too early and are still probably holding alot of that stuff, deeply underwater.....
Armstrong just suggested today that stocks will go down, bonds up, EUR up, etc.. over the short term. I am not convinced and his short term calls have been weak. He is good on longer term projections. I see a flat churning stock market for the next few weeks and then another press higher into June. At least, that is what I see AAPL doing.