Markets using the meat grinder and time

The markets use time to "wear traders" down.

This could be part manipulation, but is mostly just the inherent construct of markets.

Traders are kind of waiting for the Bernanke to speak (I think Tues Wed) and at least hint of  QE3.

Anyone with long bets, call options, has seen them sucked dry through price movement and just general pricing by MM's.

Time is not necessarily on your side.