Broad Markets / Big Markets / Big Wind Directions
+ Profit-taking in Puts
+ Big Hands' Puts' had multi-folded in profits (Each batch at least +200% to +500% in profits)
+ Note: Main bulk of bearish Puts accumulated over the last 2 weeks
+ Persistent holding of Shorts and significant Puts as per calculated just before this heavy sell-down.
+ Slight profit taking in Puts but majority of Shorts still holding on, suggesting immediate term rebound was created to confuse market and is merely a noise; main direction still down for the short-mid term.
+ Worldwide/International financial markets' corrections have not capitulated yet so will not end yet.
+ Selling has not reached fear or capitulation yet
+ Big Margin Calls on the Weaker Big Hands on the wrong side of the market have not been triggered yet.
+ Strong Big Hands will still have the need for more sell-downs in order for retailers, small hands and Weak Big Hands to capitulate/chop head in their Longs.
+ Sell-down has not climaxed yet, ie more sell-down expected by me to come.
+ Mid-long-term remains a buy on dip for investment purposes in 2013 as markets in Europe and Asia have negated bear market technical structures as mentioned last year 2012.
Implication of Broad Markets/Big Markets/Big Wind Indices Directions
If it is a rising tide in Index Big Wind, most or almost all stock boats generally rise;
If it is a receding tide in Index Big Wind, most or almost all stock boats generally go lower.
Hence the importance of Big Wind Directions walked by Big Hands.