A Reminder to the Buy the Dip Crowd

There's one entity that fights the Fed and wins just about everytime and it's the market. What goes up, goes down twice as fast.

For all those players on huge margin that I showed you last week, here's the result:

 The CRB Index-not even commodities are safe and this is where the volume has been so it's safe to say this is where the majority of pain is being felt with margin calls rolling in.

 The DIA managed to pull off the Wedge head fake and too bad for anyone on margin caught buying that long as all the technical analysis books would have you do, their hurting thus far.

 Margin or not, this is why I've been warning to be careful about trading the averages' ETfs, their way over-extended and when they drop, you'll feel it, almost 2% on an unleveraged QQQQ

The SPY also pulled the bull trap off and now it's also down as traders margined up to September 2008 highs.