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Comparing the last two corrections. And why this trader is still bearish

00:01 - 24/03/16

S&P 500: 61% of stocks above their 200-day moving avg, highest since last June. Was <20% at the Jan/Feb lows

Some of the best-performing stocks today and for the past week have very high short interest (>25% of float)

The S&P 500 bottomed in March of 2009, most stocks actually bottomed in October 2008