“My take is in the short term big boys are going to try to squeeze the hell out of shorts to pump up the market. Then when people start jumping in on long positions, the big boys are going to dump on all the longs. But that’s just the cynical side of me talking. The big boys can endure massive losses either way before average joe blinks.”

I think you are right. You just answered your own question. Of course, if you want to try and time that correctly, then go for it.