In Less Than 48 Hours, Markets Move From Deeply Oversold to Deeply Overbought

The "upward" crashes occur again, with the S&P Futures contract rallying about 70 points in less than 4 days. These are symptomatic of bear market rallies and dead cat bounces rather than sustained bull markets.

If the markets reaches the 1330-1335 point today, I will most likely start buying puts.