Some kind of Bias....
Well he is calling 10day low after 10 day high and talking bullish...
I'm not saying there isn't a bounce somewhere... what goes up much come down. What goes down, can't go down everyday....
But here is the issue... the 10 days into "The high" were very flat... so getting to a 10 day low, is a very low bar to jump....
and if he was using Percentages...
If in 10 days we go up 2%, and then decline in 2 days 3%..... it's not all that out of the ordinary....
what was out of the ordinary is going up only 2% in 10 days.... not the decline...
there were many triggers that should get some mechanical selling going....
But there is still a ton of hope out there...
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, June 17, 2009
Dr Bret
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