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RE: Mannarino's BIG RANT: Why Today's Pan Market, Pan Asset, Sell Off Will Push Stocks Higher!
The widespread lack of concern to today's move down is interesting nonetheless. At least it shows how well trained markets players have become. Said training represents a key ingredient in the eventual move down, whether this be it or not.
Today I was watching traders buy calls hand over fist with each downtick thinking they are getting the best deal ever, mind you, on the first real day of a down move - not a typically good strategy. What happened to waiting for the 3rd day or at least waiting at all?
exactly..And as a student of put/call ratios and other sentiment indicators for about 40 years..this is very bearish. I have called for a significant top last weak..