Replies to post #515 on Larry's Market Comments at Critical Points

[LisaAu]

So, Larry, what does that say about tomorrow?

I know, I know: It's strictly mechanical!

Yet I'm wondering if I should cover my QQQ short.

Ah, decisions in trading (and life more generally)!

LisaAu

[bbgold]

Could that read this way?
A Market correction to the Downside on Negative news could be followed by a bigger correction back to the upside. Much the same as the previous Upside on Positive news is what gave us this correction? I am leaning towards further down but if the markets find higher support here than last week the Buyers could take that as a bullish signal and come back in. The move back down to support and that support level Holding could resume the Upside potential, maybe?

[WinLoseOrDraw]

i have never understood why so many nobel laureates went down any of the efficient-market paths. imo anybody who actually trades learns extremely quickly that markets are anything but efficient.