n748 发表于 2011-6-12 21:52
Everyone is waiting for 1250/1220 to buy dip, why panic.
Seems most people are in cash position, ...
Your comment does make sense. But I just wildly guess currently market is still in distribution stage. Even market will climb back to the new high, MMs difinitely want to shake out some private investors. The best way and the only way is to make a panic in market. That trick always works.