New Delhi, Nov. 10 -- Happy Diwali! Last week I wrote that follow up buying would be required to propel markets higher inspite of minor worries (technical red flags). Read last week's piece here. That follow up buying did come but with a twist. I have often written that bear squeeze (short covering) rallies are vicious and unbelievably large in magnitude. That is because both sides of the markets (bulls and bears) are aligned on the buy side. Bulls buy because they are buyers by habit and bears buy out of panic as their short sales are running into losses. Last week we saw a perfect example of a bear squeeze rally. That is borne out by the fact that the headline (main) indices vaulted higher by over 8% but side counters moved mildly. In t...