“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Friday Flash Crash Follies
The flash crash intraday low on the S&P 500 was 1,065.79. Notice how many times the index has bounced at this level. What we really find interesting is how near that number the market closed on a Friday: June 4: 1,064.88; July 16: 1,064.88; Today: 1,064.79. One of these Mondays - Round 2?