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We might have a 3 Push Down here, so a 2 legged rebound could be due. Let's see.
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As an statistician, I see it very dangerous and misleading to make such "statistical" interpretations based on only 15 observations... Why the market instead wouldn't do the opposite and converge into 50/50% chance, and hence giving a bullish edge for this week?
During last ten years, the reading hasn't previously been less than 50, so it might be a good contrarian point of view if option traders are even more bearish than during 2003 and 2009 market bottoms...
As an statistician, I see it very dangerous and misleading to make such "statistical" interpretations based on only 15 observations... Why the market instead wouldn't do the opposite and converge into 50/50% chance, and hence giving a bullish edge for this week?
People need to lose money in order for us to make money. Sensationalism works well CRAMER: BUY BUY BUY!
Quantimeter wrote: As an statistician, I see it very dangerous and misleading to make such "statistical" interpretations based on only 15 observations... Why the market instead wouldn't do the opposite and converge into 50/50% chance, and hence giving a bullish edge for this week?
Thanks !
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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spent the past 10 days in Alaska (awesome way to unplug)...didn't have much of a connection to keep abreast of the market but looks like we have a pretty good shift. 7% off the high, are we simply in correction or is this something more serious? i guess time will tell. sucks to be back, but nice to see you guys haven't stopped working while i was away.