Bullish on May-Hem effect

Hi readers,
The Mayhem 2006 replica in 2009. Index is at a place where the sledge is going to hurt most people. Easy money is what people have made in last few weeks now margin calls will get triggered. Talking to few of the eminent brokers they are worried about there position with the clients and when heat is going to take a toll on Index too. These people will forcably cut the positions as per exchange mandate.
Now where as an investor you stand probably no where. You bought at an intermediate peak an will definitely sell at intermediate low.
I would suggest the rally that was getting fatigued at 3700 level as of now it can test 3230-3245 level with the crucial support being 3470 on closing basis.
Markets will take a breather on thursday or friday last hour trading but please exit as election results is uncertain. People make more money by timing the stock exit and entry. Dont mind buying a stock at 5% premium if it does not have uncertaininty attached to it.
As of now I see bear grip getting tighter and uncertainity in short term will make volatility higher meaning lesser premium on Index thus it will also mean lesser value for INDEX.