This completely conflicts with my overall view of a big down.
McClellan (on the Nas) today was also a small move 4%--that implies a big market move coming up.
But that is what the market sets up, gets the bear salivating and get them committed to their positions, OR because of the extreme rampy swings, get the bears now operating without stops because they are tired of being stopped out.
Danger Will Robinson!!!!!!
Do you think that in this game for all the money in the world, that HBB doesn't have the best psychologists, the best analysts for crowd reaction based on inputs they can control? Of course they do.
So I use indicators that are hard to game, to filter out those intentional deceptions. But this one right now is still tricky.