Price action at the open for the past few days with the sharp...

Price action at the open for the past few days with the sharp quick upswing indicated some shorts were forced to cover and the continuing move up now for the third day is very encouraging and the bottom might have been hit last week.
Chart looks much better and yes the gamble is paying off.
People expected the worst and very seldom the worst ever come, those with big balls and make a move when most people run quite often win and those selling and taking losses is good if they cut the loss short but some unlucky ones took bigger hit.
Long term holders and investors will certainly have a different mind set to some vulture like myself.
Catching a falling knife is not advisable but with proper risk and capital management it can return big profit.
The 4 big banks and AMP are getting killed and people panicked, I can smell blood and opportunity here.