"While in theory randomness is an intrinsic property, in practice, randomness is incomplete information." – Taleb
“It has been more profitable for us to bind together in the wrong direction than to be alone in the right one.”
― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable
“When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate.”
― Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable
Now that you are fully saturated by unconventional wisdom – charts mumbo-jumbo time
Short term – time to be bearish – for as long as top blue line is not penetrated to the upside (which will, in plain English spell - “bears – run for your life”) that magically is in the area of 1(777) – don’t you just love these weird numerological coincidences … bottom at 666 … top at … ?
30 minutes chart shows that bounce started off 9 setup buy (don’t you just love when buy setups work like a fine tuned watch and sell setups just getting ignored … hate trends!) and now SPX is at TDST. Could there be that Monday will be as unexpected for bulls as Friday was for most bears?
I will elaborate on my “it is starting to remind 1980” point of view in few days – I need it to sink into my head first..
