these rules go back to the non algo days things were very different since human beings entered the trades then now 90 pct of trades by algo's but great eye on that
back then markets were far more trending now markets are very choppy and are often moved around to trap traders and force them to close positions, often based on news
in those days the pros entered trades at the open and close mainly
i never heard the words liquidation break or market got too far from value.
Today was a liquidation break. Meaning a news story took out sellers. this actually strengthened the market It was a phony move. The market was not really surprised or shocked that apple demand is soft.
SO ATH sellers panicked shorted and get punished if they shorted after the open, RTH were happy to buy those shares
red wine with fish moment was when the bears could not even test the lows
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