It a chance pb but really who knows .The fact that you're raising it shows that the market psychology has changed dramatically .That means sentiment is shortly to follow and the masters of the universe are now back in the van.
I think everyone needs to forget about who got it right or wrong .THAT'S OVER....what people want to know is what do I do now.
If you're in there well done .I'd be riding it through because I couldn't possibly see them stopping here now that they're back in control .There has to be a big retrace at some point but that'll just be to burn those who are jumping on from hereon in .My personal view is that it's certainly not a sell yet.
If you're not in there then sit back and take advantage of the gyrations and trading opportunities that are coming .It's a tough situation to see the market rocket if you've been waiting it out and today's not the day to jump on. Just play it by ear now and if an opportunity arises be ready to pounce .Or if you're so peeved by what's happenning turn the screen off and forget about it.
You can't discount that this is a sharp c wave up PB ,there's some chance that the market could keep going but you wouldn't want your house on it would you . The market is a strange beast and the macro issues are to take a back seat for a while as greed returns .
I reckon China has to implode at some point ,they've become a big player and to me maybe getting to the out of control stage ...however the implosion is unlikely to be in this stanza ,they're playing the game for the time being
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